The Aaron’s pany(AAN) Prnewswire·2024-10-03 20:05Group 1 - The Aaron's Company has completed its acquisition by IQVentures Holdings for 504 million [1] - The acquisition was initially announced on June 17, 2024, and received shareholder approval on September 25, 2024 [1] - Following the completion of the transaction, The Aaron's Company's common stock will cease trading and will no longer be listed on the NYSE [1] Group 2 - The CEO of The Aaron's Company stated that the acquisition marks the beginning of a new chapter aimed at enhancing customer lives through affordable lease and retail purchase options [2] - The combination of expertise and resources with IQVentures is expected to accelerate the omni-channel strategy and improve operational efficiency [2] Group 3 - J.P. Morgan Securities LLC served as the exclusive financial advisor to The Aaron's Company, while Stephens Inc. acted as the exclusive financial advisor to IQVentures [3] Group 4 - The Aaron's Company is a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions for appliances, electronics, furniture, and other home goods [4] - The company operates approximately 1,210 stores across 47 states and Canada, along with an e-commerce platform [4] - BrandsMart U.S.A. is a leading appliance retailer with 12 retail stores in Florida and Georgia [4] Group 5 - IQVentures is focused on investing in and building technology companies that shape the future, leveraging proprietary technology and shared services [5]