Cases & Deals

The Aaron's Company agrees to be acquired by IQVentures

Client(s) Aaron's Company, Inc., The

Jones Day is advising The Aaron's Company, Inc. in the acquisition and take private of Aaron’s by IQVentures Holdings, LLC, a leading fintech organization, for $10.10 per share in cash, or an enterprise value of approximately $504 million.

The price represents a premium of 34.0% over Aaron’s closing share price of $7.54 on June 14, 2024 and a premium of 35.6% over Aaron’s 90-day volume-weighted average share price. The transaction will result in Aaron’s becoming a privately held company, and its common stock will no longer be traded on the NYSE. The transaction is expected to close by the end of 2024, subject to shareholder approval, regulatory approval and other customary closing conditions.