Monday, July 23, 2007

UPDATE 1-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 with the private equity fund,
United Rentals may continue to solicit bids from third parties
through Aug. 31.


Read more at Reuters.com Mergers News

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