22.10.2007

United Rentals stockholders approve purchase

Stockholders of United Rentals - the world’s largest rental company and operator of the worlds largest fleet of aerial work platforms - voted last Friday to approve the purchase of the company by Cerberus Capital Management.

At the special meeting, 99.8 percent of the votes cast were in favor of the purchase, representing about 77 percent of the total voting power. After the transaction closes, the company's holders of common stock will be entitled to receive $34.50 in cash for each share held.


The company currently anticipates that the transaction will close in November.