Announced
Completed
Financials
Tags
equipment rental
Rental Services: Consumer
Public
Acquisition
Completed
Initially Hostile
Single Bidder
United States
Synopsis
United Rentals Inc. and Neff Corporation, operating as Neff Rental announced that they have entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash, representing a total purchase price of approximately $1.3bn. The transaction is expected to be immediately accretive to cash EPS and free cash flow.
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