Why McGrath RentCorp Stock Slumped on Wednesday [Yahoo! Finance]
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
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mgrc.com/investors
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Source: Yahoo! Finance
In its 45-year history, McGrath RentCorp (NASDAQ: MGRC) has had many encouraging pieces of news to report to its shareholders and the world at large. Unfortunately for the business-to-business equipment rental specialist, its top news item on Wednesday wasn't so positive. On the back of that, investors traded out of the stock to leave it with an over 3% decline in price. This was a more pronounced slide than the 0.3% dip of the S&P 500 index on the day. Merger deal terminated McGrath announced that it and peer WillScot Holdings (NASDAQ: WSC) have mutually agreed to cancel their planned merger. Per the terms of the two companies' merger agreement, McGrath is to receive a termination fee of $180 million from WillScot. The pair originally announced the tie-up in January. Under the terms of their deal, WillScot was to acquire McGrath for $3.8 billion in cash and stock, with the former comprising 60% of the purchase and the latter the remainder. That amount represented a premium of
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News
- 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 Confirms Agreement to Terminate Pending Merger with WillScotBusiness Wire
- 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