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Actionable news in ARNA: Arena Pharmaceuticals, Inc.,

Rent-A-Center snubs buyout offer, Michael Kors gets sell rating, Arena Pharmaceuticals surges

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Rent-A-Center (RCII) tops our list. The stock soared in early trading after the company disclosed that it rejected an $800 million buyout bid from Vintage Capital Management. Rent-A-Center says the offer from the private-equity firm significantly undervalues the...