Rent-a-Center shares soar after rejecting takeover bid

Rent-A-Center shares soared 8.9 percent to $12.09 on Tuesday after it was revealed that the rent-to-own chain had rejected a $15 a share takeover bid from a Florida private equity firm. The Plano, Texas, retailer called the offer from Vintage Capital "inadequate and opportunistic." While many investors cheered the move by Rent-a-Center, one investor, activist...