McGrath Confirms Agreement to Terminate Pending Merger with WillScot
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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Source: Business Wire
McGrath to receive $180 million termination fee from WillScotBoard increases share repurchase authorization to 2 million sharesMcGrath to provide updates on financial outlook, business strategy and capital allocation during its third-quarter earnings conference call on October 24, 2024 LIVERMORE, Calif.--(BUSINESS WIRE)--McGrath RentCorp (“McGrath” or the “Company”) (Nasdaq: MGRC), a leading business-to-business rental company in North America, today confirmed that WillScot Holdings Corporation (“WillScot”) (Nasdaq: WSC) and the Company mutually agreed to terminate their previously announced merger agreement. In accordance with the terms of the merger agreement, McGrath is receiving a termination fee of $180 million.Joseph Hanna, President and Chief Executive Officer of McGrath, said: “Modular and portable storage solutions is a dynamic industry and, as we move forward, we will continue to grow and succeed through our unrelenting commitment to putting the customer first. The propos
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MGRC
News
- McGrath RentCorp (NASDAQ: MGRC) had its price target raised by analysts at Oppenheimer Holdings Inc. from $124.00 to $139.00. They now have an "outperform" rating on the stock.MarketBeat
- McGrath to Present at the Baird 2024 Global Industrial ConferenceBusiness Wire
- WillScot Reports Third Quarter 2024 Results [Financial Post (Toronto, Ontario, Canada)]Financial Post
- McGrath RentCorp (NASDAQ: MGRC) had its price target raised by analysts at Oppenheimer Holdings Inc. from $120.00 to $124.00. They now have an "outperform" rating on the stock.MarketBeat
- McGrath RentCorp (MGRC) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
MGRC
Earnings
- 10/24/24 - Beat
MGRC
Sec Filings
- 11/7/24 - Form 4
- 11/7/24 - Form 144
- 11/6/24 - Form 144
- MGRC's page on the SEC website