Monday, July 23, 2007

Cerberus to buy United Rentals for $4 billion

(Reuters) - The deal is worth $34.50 per share, which represents a 6.6
percent premium to the company's closing price on Friday. It
also includes $2.6 billion in debt, bringing the total value to
$6.6 billion.




Under the terms of the deal, United Rentals, which claims
to be the largest equipment rental company in the world, may
continue to solicit other bids through Aug. 31.


Read more at Reuters.com Bonds News

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