Related Links: Why Contractors Are Renting More and Buying Less United Rentals To Buy RSC for $1.9 Billion United Rentals Inc. finalized its $4.2 billion in cash-and-stock purchase of RSC Holdings Inc. on April 30. The deal—first announced in December—includes $2.3 billion in assumed net debt. It is believed to be the largest equipment-rental company merger in history. In part due to the significance of the deal, company executives say they are weighing a possible name change.The purchase received 83% shareholder approval. The deal gives RSC shareholders $10.80 in cash per share and 0.2783 of a share of United common
Canada’s SNC-Lavalin has taken pains to repair its scandal-tainted brand as it pushes market growth and global expansion. In a cost-cutting move, the engineer-constructor giant soon will sell its much-photographed corporate headquarters property.