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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 the assumption of $400 million of net debt. The transaction is expected to be accretive to EPS and free cash flow upon close. ....

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