On Tuesday, Vice Chancellor Sam Glasscock asked both sides to file post-trial briefs by Feb. 22 and responses by March 1. Soon after, a hearing will be set, according to an email from the judge’s office. Glasscock didn’t say whether he would rule next month. Originally, when the lawsuit was filed, he granted Vintage Capital a temporary restraining order prohibiting Rent-A-Center from proceeding as if the merger had ended. “I had an obligation to continue using our best efforts to work toward closing,” Fadel said, according to trial testimony reported by Law 360. But Fadel also said he had an obligation to the board and shareholders. Rent-A-Center’s board believed the company’s rent-to-own operations had recovered enough that the $15 offer was insufficient. Rent-A-Center’s stock closed at $17.88 a share on Wednesday.
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