EBITDA multiples. AAN is amongst the leading omnichannel providers of lease purchase solutions with over 2 million customers. (c) When-Issued Trading: Aaron’s and Progressive’s common stocks are expected to commence when-issued trading on or about November 25, 2020 and is expected to continue up to the distribution date of November 30, 2020 under the symbol “AAN WI” and “PRG WI” respectively. About 587,257 shares traded hands on 4,805 trades for the day, AAN not only expanded its presence in the virtual rent-to-own market, but also generated robust top-line and EBITDA growth, primarily on the back of the Progressive business acquisition. Aaron’s Holdings Company Inc. (AAN) full year performance was 7.76% . However, management now believes that the opportunities for Aaron’s Business and Progressive in operating independently far outweigh the benefits from the ongoing synergies they generate. I am the founding principal and publisher of Spin-Off Research, an independent advisory report featuring analysis of spin-off situations. We opine that the decision to separate Progressive and Vive bundled together factors in this aspect. Vice President, Corporate Communications & Investor Relations, 678-402-3590 The company serves through multiple channels such as virtual lease-to-own (Progressive Leasing), lease-to-own stores (Aaron’s Business), e commerce (Aarons.com) and second-look financing (Vive Financial). Aaron's Holdings Company, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.045 per share and declared such dividend payable November 20, 2020 to shareholders of record as of the close of business on November 16, 2020. We believe that some of the key rationales for the separation decision may have been the disparate growth trajectories of the two businesses and the dissimilarities between their risk profiles and business models. Progressive Leasing, a virtual lease-to-own company, provides lease-purchase solutions through more than 20,000 retail locations in 46 states. If you experience any issues with this process, please contact us for further assistance. I am the author of the book Spin. Over the years, on the back of its robust growth, the unit has surpassed Aaron’s Business as the company’s highest revenue and adjusted EBITDA generator. In conclusion, we believe that the separation could be beneficial to both businesses as the growth, margin and risk profiles of the two units get segregated, thereby enabling their respective leadership teams to more effectively manage operations. At Aaron's, Inc., we promise to treat your data with respect and will not share your information with any third party. In fact, the unit’s growth has been generated at relatively consistent margins, probably reflective of the company’s ongoing investments to grow active doors. On November 17, 2020, Aaron’s Holdings Company, Inc. announced additional details of the separation. Volume today is 551,414 compared to average volume of 499,978. Post separation, Steve Michaels, will continue to serve as CEO of the PROG Holdings, Inc. Blake Wakefield, will continue to serve as President of the company. What’s Happening With Electronic Arts Stock? For these units as well, there are no direct competitors. We continue to be bullish on both the units as we expect the improved margin trajectory to be sustainable in to 2021 as well, which lowers our risk perception. Nachrichten zur Aktie Aarons Holdings Company Inc Registered Shs Ex-distribution When issued | PRG.W | US74319R1014 AARONS HOLDINGS COMPANY INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Aaron’s Holdings Company, Inc. is a leading omni-channel provider of lease-purchase solutions. The distribution will not require shareholder approval and is expected to be tax-free to the company and shareholders. With this latest performance, AAN shares dropped by -37.43% in over the last four-week period, additionally sinking by -17.61% over the last 6 months – not to mention a drop of -42.86% in the past year of trading. Rent-to-own specialist Aaron’s plans to implement a holding company structure for the company, a proposal that shareholders will vote on during its upcoming June annual meeting. Headquartered in Atlanta, Aaron's Holdings Company, Inc. (NYSE: AAN), is a leading omnichannel provider of lease-purchase solutions. On November 17, 2020, AAN announced additional details of the separation. I am the founding principal and publisher of Spin-Off Research, an independent advisory report featuring analysis of spin-off situations. In addition to being a Forbes contributor, I have been featured or quoted in various media such as Barron’s, The Wall Street Journal, Bloomberg, Business Week and Fox Business. For Aaron’s, in absence of direct peers we compare the unit with listed companies engaged in retail business including Wayfair Inc, Amazon.com Inc, Lowe’s Companies Inc, Walmart Inc, Sleep Number Corp, La-Z-Boy Inc, Coway Co Ltd, Kroger Co, Boise Cascade Co, Rent-A-Center Inc, Conn’s Inc and HHGregg Inc. Management has cautioned on 2021E margin headwinds on expenses as a standalone public entity as well as normalization of labor costs. We add the equity values of PROG Holdings, Inc. and The Aaron’s Company, Inc. to arrive at the combined equity value of $5.0 billion for AAN (Consolidated). The Aaron’s Company will be engaged in sales and lease ownership and specialty retailing of furniture, home appliances, consumer electronics and accessories. The product offerings of Vive are complementary to those of Progressive Leasing, allowing the latter to expand into the markets and merchants served by Vive. This enhanced the supply chain synergies between Aaron’s Holdings Company, Inc. and Progressive Leasing in the markets where SEI was serving across 11 states. Progressive’s strong growth and invoice volumes during the pandemic should instill confidence in the unit’s growth prospects. In July 2017, Aaron’s Holdings Company, Inc. acquired its largest franchisee SEI/Aaron’s, Inc. in an all cash deal of ~$140 million. According to the most recent insider trade that took place on Nov 19, this organization’s EVP, Gen Counsel/Corp Sec sold 2,491 shares at the rate of 62.71, making the entire transaction reach 156,211 in total value, affecting insider ownership by 33,987. 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