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Furniture Retailer Rent-A-Center Adopts Poison Pill

reuters.com

Furniture retailer Rent-A-Center adopts poison pill Rent-A-Center Inc ( RCII.O ) said on Tuesday it adopted a stockholder rights plan, or a so-called "poison pill", a month after activist investor Engaged Capital LLC stepped up efforts to push the furniture retailer to sell itself. Engaged Capital, which owns a 12.9 percent stake in Rent-A-Center, last month nominated five candidates for election to the retailer's board of directors...

Mentions: Poison Pill Chairman