Thread regarding Rent-A-Center Inc. layoffs

So everyone saying it sold May 25th effective date

So everyone saying it sold May 25th effective date. Wonder if they announce Monday May 21st or the following Friday or Monday May 28th. Guesses on price? Still think $14 to $16 range

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Post ID: @TfSHG1Q

11 replies (most recent on top)

They really need to just liquidate the company. According to the employees I’ve seen kept at local RTO stores, the next company will do much worse. Who would want to buy a ‘lemon’ of a company like this. It’s only a lemon because of the careless employees they have. The company is amazing, but put in the hands of destruction it will continually fail! No matter who owns it.

Managers too afraid to problem solve with customers (what are they paid for?), employees fighting, sleeping while clocked in, managers not greeting customers as they walk in (unless another careless member of upper management is around), favoritism, stealing, ill-placed employees, managers setting up merchandise on the floor without checking it for bedbugs and find out the day of delivery it HAS bedbugs (this actually happened), the list goes on and none of it is beneficial.

Liquidate, liqudate, liquidate!!!

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Post ID: @TfSHG1Q-4ubu

I say there’s not a chance it’s executed by the 25th. Announced, maybe, but the only place I can find the 25th referenced anywhere is here. So take it for what it’s worth.

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Post ID: @TfSHG1Q-2brn

Their conference calls everyday so they having allot of calls dont mean anything we are always running to do something that new from what they say to do

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Post ID: @TfSHG1Q-2ejy

An "effective" date really isn't meaningful. May 25th would be bull&^*^. It would take months to close and work out all the details. They may "announce" it May 25 but probably would close in Q4 at earliest.

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Post ID: @TfSHG1Q-2udu

who is "they"?

I heard they have alot of conference calls today so maybe we here something

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Post ID: @TfSHG1Q-2wjo

I heard they have alot of conference calls today so maybe we here something. Working at Anow,they really dont tell us anything. Thank God for the internet lol

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Post ID: @TfSHG1Q-2htt

just silence....

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Post ID: @TfSHG1Q-2ysa

Anything today?

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Post ID: @TfSHG1Q-2boa

Thats old and earnings was reported already

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Post ID: @TfSHG1Q-1jjn

Source: https://www.thestreet.com/investing/stocks/rent-a-center-bids-due-this-week-says-sources-14568584

The Latest

"Bids to acquire activist-targeted Rent-A-Center may be due by the end of this week and the

rent-to-own company could announce a deal of some sort as soon as Monday at the same

time that it reports earnings, according to a two people familiar with the situation

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Both said that there was a 50-50 chance a deal could be announced on Monday, but that an

announcement could be pushed back by a few weeks. Buyout firm Cerberus Capital

Management LP and sometimes activist private equity firm Vintage Capital Management

appear to be the two main possible bidders, but that there may be an additional bidder in the

process, which could delay the timeline, one person added. A competitive bidding process

could result in further delay as negotiations continue, he said.

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Post ID: @TfSHG1Q-1aji

Who’s everyone?

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Post ID: @TfSHG1Q-1dot

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