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Stock Market & Financial Investment News

News Breaks
March 7, 2014
09:08 EDTAANAaron's hires Goldman Sachs to evaluate takeover offer, explore opportunities
Aaron's (AAN) provided an update on the evaluation underway by the Transaction Committee of Aaron's board. As previously announced on February 21, the Aaron's Board formed the committee to review and evaluate the unsolicited proposal by Vintage Capital Management to acquire all outstanding common shares of Aaron's for $30.50 per share in cash. In addition to evaluating the Vintage proposal, the committee has been undertaking a broad review of opportunities to enhance long-term value for all of Aaron's shareholders. The Aaron's board also announced that it has retained Goldman Sachs (GS) as an additional financial advisor to assist in this process. The Blackstone Group (BX) and Goldman, Sachs & Co. are serving as financial advisors to Aaron's.
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November 10, 2014
09:07 EDTAANAaron's names James Robinson III as CEO
Aaron's announced that John Robinson III, Executive Vice President of Aaron's and Chief Executive Officer of Progressive Leasing, has been named Chief Executive Officer of Aaron's, effective today.

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