WillScot And McGrath Scrap Merger Amid Regulatory Hurdles; Pivot To Stock Buybacks [Yahoo! Finance]
WillScot Holdings Corporation - Class A (WSC)
NASDAQ:AMEX Investor Relations:
investors.willscot.com/investor-relations
Company Research
Source: Yahoo! Finance
company announced the termination of its merger with WillScot Holdings Corporation (NASDAQ: WSC In January, WillScot Mobile Mini inked a deal to acquire McGrath RentCorp for $3.8 billion . That time, McGrath's shareholders were offered for each of their shares either $123.00 in cash or 2.8211 shares of WillScot Mobile Mini common shares. Today, WillScot and McGrath mutually agreed to terminate the transaction after jointly determining that there was no commercially viable way to meet the necessary regulatory requirements. WillScot said despite months of thorough engagement with the U.S. Federal Trade Commission (FTC), it became clear in recent weeks that achieving regulatory approval would be overly burdensome and would hinder the execution of other value-creating initiatives. As per the agreement, McGrath will receive a termination fee of $180 million. Brad Soultz, Chief Executive Officer of WillScot stated, “While we are disappointed with this process, we are confident in
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WSC
News
- WillScot to Participate in Baird Global Industrial ConferenceGlobeNewswire
- WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) had its price target lowered by analysts at Barclays PLC from $44.00 to $40.00. They now have an "equal weight" rating on the stock.MarketBeat
- WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) had its price target lowered by analysts at Robert W. Baird from $42.00 to $38.00. They now have a "neutral" rating on the stock.MarketBeat
- WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating. They now have a $35.00 price target on the stock, down previously from $46.00.MarketBeat
- WillScot Reports Third Quarter 2024 ResultsGlobeNewswire
WSC
Earnings
- 10/30/24 - Miss
WSC
Sec Filings
- 11/8/24 - Form 144
- 11/5/24 - Form 4
- 10/30/24 - Form 10-Q
- WSC's page on the SEC website