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Email In Vintage Rodeo Parent, LLC v. Rent-A-Center, Inc., C.A. No. 2018-0928-SG (Del. Ch. Mar. 14, 2019), Vice Chancellor Glasscock of the Delaware Court of Chancery found that Rent-A-Center, Inc. properly terminated its merger agreement with Vintage Capital Management LLC after Vintage failed to submit a notice to extend the drop-dead date for its pending $1.37 billion buyout of Rent-A-Center. In doing so, the Court strictly interpreted the express language of the merger agreement and permitted Rent-A-Center to unilaterally terminate the merger by delivering a termination notice only hours after the extension deadline passed. https://www.cadwalader.com/resources/clients-friends-memos/delaware-court-of-chancery-strictly-interprets-merger-agreement-in-finding-that-rent-a-center-inc-properly-terminated-its-proposed-merger-with-vintage-rodeo