aaron's stock spinoff

The Aaron's Company, Inc. AAN 3.97% completed a spin-off from its former parent company this week and is now trading as an independent company. Spinoffs that have not been officially confirmed are not included. Aaron's operates approximately 1,400 company-owned and franchised stores in 47 U.S. states and Canada, as well as its industry leading e-commerce platform, Aarons.com. In the latest press release by The Aaron's Company Inc., dated 12/1/20, the company reported that it has completed its spin-off and will trade on the NYSE under the familiar ticker AAN. These risks and uncertainties include factors such as (i) the impact of the COVID-19 pandemic and related measures taken by governmental or regulatory authorities to combat the pandemic, and whether additional government stimulus payments or supplemental unemployment benefits will be approved, and the nature, amount and timing of any such payments or benefits, including the impact of the pandemic and such measures on: (a) demand for the lease-to-own products we offer, (b) our customers, including their ability and willingness to satisfy their obligations under their lease agreements, (c) our suppliers' ability to provide us with the merchandise we need to obtain from them, (d) our employees and labor needs, including our ability to adequately staff our operations, (e) our financial and operational performance, and (f) our liquidity; (ii) failure of our separation from Parent to qualify for the expected tax treatment; (iii) the possibility that the operational, strategic and shareholder value creation opportunities from our separation from Parent may not be achieved; (iv) changes in the enforcement of existing laws and regulations and the adoption of new laws and regulations that may unfavorably impact our businesses; (v) legal and regulatory proceedings and investigations, including those related to customer privacy, third party and employee fraud and information security; (vi) the risks associated with our business transformation strategy not being successful, including our e-commerce and real estate repositioning and optimization initiatives (including the risk that the costs associated with these initiatives exceeds our expectations); (vii) risks associated with the challenges faced by our business, including the commoditization of consumer electronics and our high fixed-cost operating model; (viii) increased competition from traditional and virtual lease-to-own competitors, as well as from traditional and on-line retailers and other competitors; (ix) financial challenges faced by our franchisees, which we believe may be exacerbated by the COVID-19 pandemic and related governmental or regulatory measures to combat the pandemic; (x) increases in lease merchandise write-offs, especially in light of the COVID-19 pandemic; and the other risks and uncertainties discussed under "Risk Factors" in The Aaron's Company, Inc.'s Registration Statement on Form 10, as amended, initially filed with the U.S. Securities and Exchange Commission on November 2, 2020. If you experience any issues with this process, please contact us for further assistance. "Today marks the beginning of an exciting new chapter in Aaron's 65-year history," said Douglas Lindsay, Chief Executive Officer of The Aaron's Company. AAN | Complete Aaron's Co. Inc. stock news by MarketWatch. Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. Aaron's engages in direct-to-consumer sales and lease ownership of furniture, home appliances, consumer electronics and accessories through its approximately 1,400 Company-operated and franchised stores in 47 states and Canada, as well as its e-commerce platform, Aarons.com. Get the latest The Aarons Company, Inc. AAN detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Aaron's Holdings Sets Record And Closing Date For Spin-Off Of The Aaron's Business. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Spin-Off Outlays Long-term Value: In July, management revealed plans to spin-off into two independent, publicly-traded companies. “Today marks the beginning of an exciting new chapter in Aaron’s 65-year history,” said Douglas Lindsay, Chief Executive Officer of The Aaron’s Company. It was a disappointing and challenging quarter for Aaron's. Aaron's may exclude merchandise from Express Delivery (where available) due to local merchandise restrictions at our discretion. For more information, visit Aarons.com or investor.aarons.com. //?, How to recognize the signs of a failing business, Weston Forest Has Been Acquired by the Watermill Group, Report: Fire at Scotch Plywood’s Waynesboro Veneer Mill. If I’ve missed an upcoming spinoff or you have resources that you’d like included on this page, please contact me. The Aaron's Company, Inc. Completes Spin-off; Begins Trading as Independent, Publicly Traded Company. View original content to download multimedia:http://www.prnewswire.com/news-releases/the-aarons-company-inc-completes-spin-off-begins-trading-as-independent-publicly-traded-company-301181953.html, Michael P. Dickerson InvestorRelations@aarons.com. Aaron's serves a large and expanding market with a unique set of physical and digital assets, and we expect that our well-defined market strategy will drive significant long-term value for our customers, team members and shareholders.". By PR Newswire. For more information, visit Aarons.com or investor.aarons.com. Both companies stand to greatly benefit from the improved strategic focus as well as, market-leading positions and strong free cash flow to enable both companies to unlock better value creation opportunities. As previously announced, under the terms of the spin-off and distribution transaction, shareholders of record as of the close of business on the record date, November 27, 2020, received one share of common stock of The Aaron’s Company for every two shares of Parent common stock held on the record date. Michael P. Dickerson – Vice President Corporate Communications & Investor Relations – investorrelations@aarons.com – (678) 402-3590. Stock analysis for Aaron's Co Inc/The (AAN:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Part of Aaron’s plans for the separation is to make it a tax-free spinoff and is expected to be completed by the end of this year. Statements in this press release that are "forward-looking" include, without limitation, statements about (i) our value proposition in the lease-to-own industry; (ii) the benefits expected from our market strategy; and (iii) our ability to create long-term value for our customers, team members and shareholders. Company Establishes Record Date of November 27, 2020 Anticipates Closing Spin-Off on November 30, 2020 Aaron's Holdings Company, Inc. (NYSE: AAN) (the "Company"), a leading omnichannel provider of lease-purchase solutions, today announced that its Board of Directors has established November 27, 2020 as the record date and November 30, 2020 as the anticipated closing date for the … The Aaron’s Company, Inc. 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