Source Pravda.Ru

United Rentals shares down as company loses case against Cerberus

By Alexandra Steblinina. United Rentals shares dropped sharply to 17.91 dollars after a Delaware chancery court ruled against the company’s petition to force Cerberus Capital Management LP to close a $4 billion buyout.

Cerberus avoided the deal in the wake of the credit squeeze, claiming it had the right to scrap the agreement as long as it was willing to pay a $100m break-up fee. But United Rentals decided to try to force the company to close the transaction.

United Rentals, Inc. is the largest equipment rental company in the world, with more than 700 rental locations throughout the United States, Canada, and Mexico. Their diverse customer base includes construction and industrial companies, utilities, municipalities, and homeowners.

The company is comprised of 4 principle divisions: General Rentals, Aerial, HVAC/Pump & Power, and Trench Safety. While the general rental branches are the most prolific and yielding for the company, the other divisions are increasingly a larger portion of United's revenue.

The company is a publicly traded company located in Greenwich, Connecticut, listed under the New York Stock Exchange symbol, URI.

Comments
The Future of NATO
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Is President Trump a traitor because he wants peace with Russia?
Is President Trump a traitor because he wants peace with Russia?
Is President Trump a traitor because he wants peace with Russia?
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Putin warns of consequences should Georgia and Ukraine become NATO members
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
USA tramples on human rights to protect Israel
Russia to prove its innocence in MH17 disaster
Putin warns of consequences should Georgia and Ukraine become NATO members
Russia's World Cup: 883 billion spent, 184 billion made
The Future of NATO
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
The Future of NATO
Trump versus the Traitors on Capitol Hill
Trump versus the Traitors on Capitol Hill
Trump versus the Traitors on Capitol Hill
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Chechen police officers ordered to get second wives for themselves