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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News
- Why McGrath RentCorp Stock Slumped on Wednesday [Yahoo! Finance]Yahoo! Finance
- Is Now The Time To Put McGrath RentCorp (NASDAQ:MGRC) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- McGrath RentCorp falls after WillScot agrees to mutually terminate deal Sep. 18, 2024 8:14 AM ET By: Joshua Fineman , SA News Editor [Seeking Alpha]Seeking Alpha
- WillScot and McGrath RentCorp Mutually Agree to Terminate Previously Announced Combination [Financial Post (Toronto, Ontario, Canada)]Financial Post
- McGrath RentCorp (NASDAQ: MGRC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
MGRC
Earnings
- 7/25/24 - Miss
MGRC
Sec Filings
- 9/18/24 - Form 8-K
- 8/5/24 - Form 4
- 8/2/24 - Form 8-K
- MGRC's page on the SEC website