United-RSC shareholders to vote on 27 April - KHL Group
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United-RSC shareholders to vote on 27 April

Written by Murray Pollok - 26 Mar 2012 - View Other LanguageLanguage flag

United Rentals and RSC Holdings expect the merger between the two to close on or about 30 April, a few days after RSC and United's shareholders vote on the proposal.

RSC's shareholders will meet to vote on the proposed merger on 27 April at the Scottsdale Marriott, Scottsdale, Arizona. United shareholders meet for the vote on the same day at the Hyatt Regency Greenwich, Old Greenwich, Connecticut.

Shareholders will meet to vote on the plan of the merger announced on 16 December last year. The merger of the two will give United Rentals an estimated North American market share of around 12% and combined revenues of US$3.9 billion.

Under the proposed transaction, RSC shareholders will own 30% of the new United Rentals. The $18 acquisition price of RSC's stock represented a 58% premium over the closing share price on 15 December.

 

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