PROG Holdings to Acquire Purchasing Power for $420 Million

Reuters
2025.12.01 22:00
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PROG Holdings plans to acquire Purchasing Power for $420 million in cash, funded by cash and debt. The deal, expected to close in early 2026, aims to create a diversified provider of financial services, enhancing growth in the near- and sub-prime market. The transaction is subject to customary conditions and regulatory approvals.