Aaron’s Company to be Acquired by IQVentures Holdings for $504 Million in Cash

Lease-to-own furniture retailer Aaron’s Company, Inc. (AAN) entered into a definitive agreement on June 17, 2024, with fintech firm IQVentures Holdings, LLC,  to be acquired for an enterprise value of about $504 million.

Deal Structure:

Under this agreement, IQVentures will acquire Aaron’s Company at a purchase price of $10.10 per share in cash, representing a premium of 33.95% from the stock’s last close.

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