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The company plans to update its 2021 financial outlook to reflect the combined operations when it releases financial results for the second quarter in July.
United Rentals (URI) Buys General Finance for $19 Per Share Zacks.com 4 hrs ago United Rentals, Inc.’s URI subsidiary, UR Merger Sub VI Corporation (Merger Sub) has completed the formerly-decided agreement to purchase General Finance Corporation (“GFN”). Per the tender offer, United Rentals paid $19 per share to General Finance, in cash, without interest, less any applicable withholding of taxes. Popular Searches General Finance — which operates as Pac-Van and Container King in the United States and Canada, and as Royal Wolf in Australia and New Zealand — is a leading provider of ...
United Rentals Acquires Mobile Storage Supplier SHARE April 21, 2021 United Rentals will buy General Finance, a supplier of mobile storage and modular office space, for $996 million. General operates as Pac-Van and Container King in the United States. The boards of directors both companies have approved the transaction, which is subject to customary closing conditions. United Rentals intends to commence a tender offer by April 26, 2021, to acquire all of the outstanding shares of GFN common stock for $19 per share in cash. ...
Press release content from Business Wire. The AP news staff was not involved in its creation. United Rentals to Acquire General Finance Corporation April 16, 2021 GMT STAMFORD, Conn. & PASADENA, Calif.--(BUSINESS WIRE)--Apr 15, 2021-- United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) and General Finance Corporation (NASDAQ: GFN) (“General Finance”) today announced their entry into a definitive agreement under which United Rentals will acquire General Finance for $19 per share in cash, representing a total enterprise value of approximately $996 million, including...
United Rentals To Buy General Finance In $996 Mln Deal The transaction is expected to be accretive to earnings per share and free cash flow upon close. General Finance, which operates as Pac-Van and Container King in the U.S. and Canada, and as Royal Wolf in Australia and New Zealand, is a provider of mobile storage and modular office space. Its network of 106 branches and over 900 employees serves diverse end markets, including construction, commercial, industrial, retail, transportation, petrochemical, consumer, natural resources, governmental and education. United Rentals intends to commen...