"We are taking bold and decisive actions to better position the company over the long term," the real estate firm's new CEO says.
“In the past few weeks it became clear that I was not on the same page as my new board,” CEO Devin Wenig tweets.
The online auto marketplace received interest from 29 prospective buyers but "no actionable options for a sale of the company."
The $1.36 billion deal is "a compelling opportunity ... to enhance value and create a leader in the rent-to-own industry."
The $46-per-share deal “is the latest in a spate of mergers and acquisitions among physician networks."
The company is buying back shares and taking other steps to placate investors after its rebuff of Kraft's $143 billion takeover bid.
