Aaron's +2% after announcing business separation (NYSE:AAN

published 29.07.2020 09:24

Aaron's (NYSE:AAN) announces that it plans to split into two independent, publicly-traded companies in a tax-free spin-off to shareholders.

Progressive Leasing ($2.2B in annual revenue) and the Aaron's Business ($1.8B) are expected to benefit from improved strategic focus, market-leading positions, strong free cash flow generation and well-capitalized balance sheets.

by Clark Schultz from seekingalpha.com

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