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World's largest equipment rental company buys Hattiesburg-based business for $1.1 billion

World's largest equipment rental company buys Hattiesburg-based business for $1.1 billion
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General Finance Agrees to $1 Billion Buyout Offer from United Rentals

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 share in cash. The firm stated that the price represents a total enterprise value of approximately $996 million with United Rentals assuming $400 million of General Finance s net debt. ....

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