Stock Alert: Rent-A-Center Climbs 11% On Acima Acquisition
Shares of lease-to-own provider of household durable goods Rent-A-Center, Inc. (RCII) are climbing more than 11% Monday morning after the company has agreed to buy Acima Holdings LLC, a leading provider of virtual lease-to-own solutions.
The stock touched a new high of $40.33 this morning.
Rent-A-Center will pay Acima about $1.27 billion in cash and nearly 10.8 million shares of the company common stock currently valued at $377 million.
The transaction is expected to close in the first half of 2021.
Acima expects its annual revenue to be $1.25 billion in 2020, a huge growth from $97 million in 2016.
Herald morning quiz: December 22
Test your brains with the Herald's morning quiz. Be sure to check back on nzherald.co.nz at 3pm for the afternoon quiz.
EMA Recommends Use Of Pfizer-BioNTech’s COVID-19 Vaccine In EU
The European Medicines Agency (EMA) on Monday recommended the use of the Pfizer-BioNTech’s COVID-19 vaccine in the EU.
EMA said its Committee for Medicinal Products for Human Use (CHMP) completed its rigorous evaluation of the vaccine, concluding by consensus that sufficiently robust data on the quality, safety and efficacy of the vaccine are now available to recommend a formal conditional marketing authorization.
“Today’s positive news is an important step forward in our fight against this pandemic, which has caused suffering and hardship for so many,” said Emer Cooke, Executive Director of EMA. “We have achieved this milestone thanks to the dedication of scientists, doctors, developers and trial volunteers as well as many experts from all EU Member States.
“Our thorough evaluation means that we can confidently assure EU citizens of the safety and efficacy of this vaccine and that it meets necessary quality standards. However, our work does not stop here. We will continue to collect and analyze data on the safety and effectiveness of this vaccine to protect people taking the vaccine in the EU.”
Earlier this month, the EMA pushed forward a meeting of the CHMP to December 21 to review additional data for the Pfizer/BioNTech vaccine.
Originally, the meeting was planned for December 29, but was pushed forward as the vaccine gained emergency approvals in the US, UK and other countries.
British Airways agrees to require negative coronavirus tests before New York flights, Cuomo says
British Airways will require travelers to test negative for coronavirus before boarding flights bound for New York's John F. Kennedy International Airport, New York Gov. Andrew Cuomo said Monday, as officials grapple with a highly contagious new strain of Covid-19 that's spreading in the U.K.
Cuomo said at a press briefing that he also asked Delta Air Lines and Virgin Atlantic to abide by the same requirements. The airlines didn't immediately comment.
More than two dozen countries have cut off flights or restricted access from individuals traveling from Britain because of the new strain of the virus.
This is breaking news. Check back for updates.
Stocks sink as a fast-spreading virus strain emerges in Britain and overshadows a stimulus deal.
By Eshe Nelson and Matt Phillips
New coronavirus variant 'not out of control': WHO
GENEVA (AFP) – The new coronavirus variant discovered in Britain with a higher transmission rate is not yet out of control, the World Health Organization said on Monday (Dec 21), urging measures to help stop its spread.
“In some senses it means we have to work harder. Even if the virus has become a little bit more efficient in spreading, the virus can be stopped,” WHO’s emergencies chief Michael Ryan said in a press conference.
“So this situation is not in that sense out of control. But it cannot be left to its own devices.”
Best of the West College Football Top 25: The Pac-12 got what it deserved. And CU Buffs deserved better. Much better.
▲= Biggest climb of the week
▼= Biggest drop of the week
The final Best of the West poll will post in January 2021.
Iraq's cabinet approves 2021 draft budget of $103 billion
BAGHDAD (Reuters) – Iraq’s cabinet on Monday approved a 2021 draft budget of 150 trillion Iraqi dinars ($103 billion) as the country wrestles with a major economic and financial crisis due to low crude prices.
The budget deficit would be estimated at 63 trillion dinars ($43 billion), two government sources said.
Draft 2021 budget is based on a world oil price of $42 a barrel, sources said.
US administers first Moderna vaccines: Connecticut hospital
HARTFORD (AFP) – A nurse at a hospital in Connecticut became one of the first people in the United States to receive the Moderna Covid-19 vaccine on Monday (Dec 21).
Mandy Delgado, who works for Hartford Healthcare, was administered the shot around 11:40 am (1640 GMT), according to a live feed of the event.
“I’m excited. I feel privileged,” the critical care nurse said afterwards, to a loud round of applause.
The first Moderna inoculations come a week after the United States began administering the Pfizer-Biotech vaccine.
Charlie Kirk’s Attempt To Own Twitter Libs Ends In Humiliating Math Lesson
A GOP activist’s attempt to own Twitter liberals Sunday evening ended with him getting schooled in basic math.
Charlie Kirk, the head of Turning Point USA — a right-wing student group that has attracted support from white nationalists, posted a tweet that he apparently thought would finally prove that Donald Trump’s baseless voter fraud allegations are true.
Kirk apparently thinks the number of counties a candidate wins matters more than the number of votes.
Kirk apparently didn’t consider the possibility that some counties might have more people in them than others.
Luckily, Twitter users were there to school him.