Rent-A-Center Inc is in active talks with multiple parties for a possible buyout, the rent-to-own furniture retailer said on Wednesday, while also announcing 250 layoffs at its Plano, Texas headquarters.

Rent-A-Center, which has been under pressure from its largest shareholder Engaged Capital to sell itself, has previously rejected buyout offers. Another activist investor, Marcato Capital, has also pushed the company to sell itself.

Last month, Rent-A-Center said it would nominate an independent director to its board recommended by Engaged.

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