The 2020 Mid-Year Economic Update_long

United Rentals Sues Cerberus Capital

United Rentals Inc., Greenwich, CT, has filed a lawsuit against Cerberus Capital Management's RAM Holdings Inc. and RAM Acquisition Corp. Cerberus had agreed to acquire United Rentals, but recently Cerberus has second-guessed its decision to do so.
&nbsp ;
The lawsuit wants to force the agreed-upon acquisition, saying Cerberus has violated the merger agreement and should not be able to avoid the agreed-upon transaction by paying a break-up fee. The lawsuit contends that Cerberus has the financing necessary to complete the transaction.
&nbsp ;
United Rentals is an equipment rental company with a network of more than 690 rental locations in 48 states, 10 Canadian provinces and one location in Mexico. The company offers for rent over 20,000 classes of rental equipment with a ...

United Rentals Inc., Greenwich, CT, has filed a lawsuit against Cerberus Capital Management’s RAM Holdings Inc. and RAM Acquisition Corp. Cerberus had agreed to acquire United Rentals, but recently Cerberus has second-guessed its decision to do so.
&nbsp ;
The lawsuit wants to force the agreed-upon acquisition, saying Cerberus has violated the merger agreement and should not be able to avoid the agreed-upon transaction by paying a break-up fee. The lawsuit contends that Cerberus has the financing necessary to complete the transaction.
&nbsp ;
United Rentals is an equipment rental company with a network of more than 690 rental locations in 48 states, 10 Canadian provinces and one location in Mexico. The company offers for rent over 20,000 classes of rental equipment with a total original cost of $4.3 billion.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.