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Judge rules for Rent-A-Center, but reverse breakup fee undecided

I-Chun Chen
Judge rules for Rent-A-Center, but reverse breakup fee undecided

A Delaware state court has ruled that Rent-A-Center Inc. had the right to end its $1.36 billion merger deal with private equity firm Vintage Capital Management, but didn’t rule on whether the firm and Woodland Hills, California-based B. Riley Financial Inc. may need to pay a reverse breakup fee of $126.5 million.