Shares of The Aaron's Company, Inc. (AAN), a prominent provider of lease-to-own and retail purchase solutions, surged by over 32 percent to $10.00 in pre-market trading on Monday. This uptick followed the company's announcement that it would be acquired by fintech firm IQVentures Holdings, LLC for an enterprise value of approximately $504 million, payable in cash.
The acquisition price of $10.10 per share represents a 34 percent premium over Aaron's closing share price of $7.54 as of June 14.
Over the past year, the stock has fluctuated within the range of $6.62 to $16.16.
