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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.
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.
Share:
PASADENA, Calif., April 09, 2021 (GLOBE NEWSWIRE) General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the Company ), announced today that in accordance with the terms of its 9.00% Series C Cumulative Redeemable Perpetual Preferred Stock (NASDAQ:GFNCP) (the Series C Preferred Stock ), the Board of Directors has declared a cash dividend of $2.225 per share. The dividend is the thirty-second dividend being paid by the Company on its Series C Preferred Stock and is payable with respect to the period commencing on January 31, 2021 and ending on April 29, 2021. This dividend is payable on April 30, 2021 to preferred stockholders of record as of April 29, 2021.
General Finance Corporation Announces Redemption of Remaining 8.125% Senior Notes Due 2021
December 16, 2020 16:05 ET | Source: General Finance Corporation General Finance Corporation Pasadena, California, UNITED STATES
PASADENA, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) General Finance Corporation (NASDAQ:GFN), a leading specialty rental services company offering portable storage, modular space and liquid containment solutions (the “Company”), announced today that it will redeem its remaining outstanding 8.125% Senior Notes due July 2021 (NASDAQ:GFNSL) (the “Notes”). On January 15, 2021 (the “Redemption Date”) the Company will redeem the remaining $11.6 million of the issued and outstanding principal amount of the Notes in accordance with the optional redemption provisions in the indenture governing the Notes. The redemption price will be $25 per Note (equal to 100% of the Notes’ original principal amount), plus ac