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General Finance Agrees to $1 Billion Buyout Offer from United Rentals Source: Streetwise Reports  (4/16/21) General Finance Corp. shares traded 56% higher after the company reported that it agreed to be acquired by United Rentals for $19 per share in cash in a deal valued at $996 million. Specialty rental services company General Finance Corp. (GFN:NASDAQ), which provides mobile storage, liquid containment and portable modular space services, yesterday announced that it entered into a definitive agreement to be acquired by United Rentals Inc. (URI:NYSE) for $19 per shar...

Shares of General Finance (NASDAQ:GFN) gained more than 50% on Friday morning after the portable storage company announced it has agreed to be acquired by United Rentals (NYSE:URI) for $996 million. The deal offers a substantial premium to General Finance's Thursday close, and the stock is moving as a result. So what After markets closed Thursday United Rentals announced its intention to acquire General Finance for $19 per share in cash, well above the target's previous close of $12.17. General Finance provides mobile storage and modular office space for a number of industries, operating as...

United Rentals, Inc. URI recently reached an agreement to acquire General Finance Corporation GFN. Per the deal, United Rentals will pay $19 per share in cash to General Finance. The total enterprise value stands at nearly $996 million, which includes the assumption of $400 million of net debt. Deal Rationale General Finance, which is a major provider of mobile storage as well as modular office space, operates as Pac-Van and Container King in...