Rent-A-Center terminates Vintage Capital's buyout deal

Rent-A-Center signage is seen on a truck parked outside its store in Niles, Illinois.
Getty Images
Rent-A-Center signage is seen on a truck parked outside its store in Niles, Illinois.

Rent-A-Center said on Tuesday it terminated its buyout deal with Vintage Capital Management, as the buyout firm did not extend a deadline to close the deal that is yet to get regulatory approval six months after being announced.

In June, Rent-A-Center agreed to be taken private by Vintage Capital in a $1.37 billion deal, including debt, following pressure from activist investors.