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]
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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Source: Seeking Alpha
WillScot ( WSC ) and McGrath ( MGRC ) mutually agreed to terminate the transaction based on a joint determination that there was no commercially reasonable path to clear the necessary regulatory requirements for the transaction, according to a statement on Wednesday. WillScot also announced that its board increased the existing share repurchase program to $1 billion. "While we are disappointed with this process, we are confident in our strategy and there are numerous opportunities to continue reinvesting in our business to deliver sustainable growth and returns over time,” said Brad Soultz, Chief Executive Officer of WillScot said in the statement. The deal termination comes after McGrath RentCorp. ( MGC ) and WillScot Mobile Mini ( WSC ) agreed in late July not to close their planned deal for two months after a request from the Federal Trade Commission, a deadline that was set for Sept. 27. The companies received a second request from the FTC about the deal in late February. I
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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