Aaron’s Company Finalizes Merger and Announces Delisting

Aaron’s Company ( (AAN) ) has shared an announcement.

In a significant corporate development, shares of a company’s common stock were converted into a cash right of $10.10 each as a result of a merger, excluding shares held as treasury stock or by dissenting shareholders. Stock options and equity incentives were also affected; vested options and restricted stock units were cashed out at the merger consideration, while unvested shares were modified to reflect cash awards. The company has notified the NYSE of its intention to delist its common stock, with trading already suspended, and is moving to deregister the stock and cease its reporting obligations. Shareholders no longer hold rights in the company, except for receiving the cash consideration from the merger.

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