United Rentals, Inc.

NYSE:URI   2:35:30 PM EDT
356.15
-5.49 (-1.52%)
Mergers / Acquisitions

United Rentals To Acquire Ahern Rentals For $2 Billion

Published: 11/14/2022 11:26 GMT
United Rentals, Inc. (URI) - United Rentals to Acquire Ahern Rentals for $2 Billion.
United Rentals Inc - Entered Into a Definitive Agreement to Acquire Assets of Family-owned Ahern Rentals, Inc. for Approximately $2.0 Billion in Cash.
United Rentals - Acquisition is Expected to Be Accretive to Co's Adjusted Earnings per Share and Free Cash Flow Generation in First Year Post-close.
United Rentals Inc - Board of Directors of United Rentals Unanimously Approved Agreement.
United Rentals Inc - Transaction is Not Conditioned on Financing.
United Rentals - Expects to Use Combination of Newly Issued Debt and Existing Capacity Under Abl Facility to Fund Transaction and Related Expenses.
United Rentals Inc - Currently Plans to Pause Its $1.25 Billion Share Repurchase Program Through Initial Phase of Integration.