United Rentals and Neff Corporation Announce Early Termination of Hart-Scott-Rodino Waiting Period
25 9월 2017 - 9:35PM
Business Wire
United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the
company”) and Neff Corporation (NYSE: NEFF), operating as Neff
Rental (“Neff”), today announced that on September 21, 2017, the
U.S. Federal Trade Commission granted early termination of the
waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976 (the “HSR Act”) with respect to the pending acquisition
of Neff by United Rentals.
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The termination of the waiting period under the HSR Act
satisfies one of the conditions to the closing of the pending
acquisition, which remains subject to other customary closing
conditions. The company has reaffirmed its expectation that the
transaction will close in early October.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in
the world. The company has an integrated network of 960 rental
locations in 49 states and every Canadian province. The company’s
approximately 13,700 employees serve construction and industrial
customers, utilities, municipalities, homeowners and others. The
company offers approximately 3,300 classes of equipment for rent
with a total original cost of $10.3 billion. United Rentals is a
member of the Standard & Poor’s 500 Index, the Barron’s 400
Index and the Russell 3000 Index® and is headquartered in Stamford,
Conn. Additional information about United Rentals is available at
unitedrentals.com.
About Neff Corporation
Neff is a leading regional equipment rental company in the
United States, focused on the fast growing Sunbelt States. Based in
Miami, FL, the company offers a broad array of equipment rental
solutions for its more than 15,000 customers, focusing on key end
user markets including infrastructure, non-residential
construction, energy and municipal and residential construction.
Neff has 69 branches, approximately 1,160 employees and a broad
fleet of equipment, including earthmoving, material handling,
aerial and other rental equipment to meet specific customer
needs.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and the Private Securities Litigation Reform Act of
1995, known as the PSLRA. Forward-looking statements involve
significant risks and uncertainties that may cause results to
differ materially from those set forth in the statements. These
statements are based on current plans, estimates and projections,
and, therefore, you should not place undue reliance on them. No
forward-looking statement, including the updated financial outlook
set forth above and any such statement concerning the completion
and anticipated benefits of the proposed transaction, can be
guaranteed, and actual results may differ materially from those
projected. United Rentals undertakes no obligation to publicly
update any forward-looking statement, whether as a result of new
information, future events or otherwise. Forward-looking statements
are not historical facts, but rather are based on current
expectations, estimates, assumptions and projections about the
business and future financial results of the equipment rental
industries, and other legal, regulatory and economic developments.
We use words such as “anticipates,” “believes,” “plans,” “expects,”
“projects,” “future,” “intends,” “may,” “will,” “should,” “could,”
“estimates,” “predicts,” “potential,” “continue,” “guidance,”
“2017E” (to denote 2017 expected) and similar expressions to
identify these forward-looking statements that are intended to be
covered by the safe harbor provisions of the PSLRA. Actual results
could differ materially from the results contemplated by these
forward-looking statements due to a number of factors, including,
but not limited to, those described in the SEC reports filed by
United Rentals and Neff, as well as the possibility that (1) the
length of time necessary to consummate the proposed transaction may
be longer than anticipated; (2) problems may arise in successfully
integrating the businesses of United Rentals and Neff, including,
without limitation, problems associated with the potential loss of
any key employees of Neff; (3) the proposed transaction may involve
unexpected costs, including, without limitation, the exposure to
any unrecorded liabilities or unidentified issues that we fail to
discover during the due diligence investigation of Neff which will
not be subject to indemnification or reimbursement by Neff, as well
as potential unfavorable accounting treatment and unexpected
increases in taxes; (4) our businesses may suffer as a result of
uncertainty surrounding the proposed transaction, any adverse
effects on our ability to maintain relationships with customers,
employees and suppliers, or the inherent risk associated with
entering a geographic area or business; and (5) the industry may be
subject to future risks that are described in the “Risk Factors”
section of the Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q and other documents filed from time to time with the SEC
by United Rentals and Neff. United Rentals and Neff give no
assurance that they will achieve their expectations and do not
assume any responsibility for the accuracy and completeness of the
forward-looking statements.
The foregoing list of factors is not exhaustive. You should
carefully consider the foregoing factors and the other risks and
uncertainties that affect the businesses of United Rentals and Neff
described in the “Risk Factors” section of their respective Annual
Reports on Form 10-K, Quarterly Reports on Form 10-Q and other
documents filed from time to time with the SEC. All forward-looking
statements included in this document are based upon information
available to United Rentals and Neff, as applicable, on the date
hereof; and United Rentals and Neff assume no obligations to update
or revise any such forward-looking statements.
Additional Information and Where to Find It
In connection with the proposed acquisition, Neff prepared and
distributed to its stockholders a definitive information statement
containing the information with respect to the proposed merger
specified in Schedule 14C promulgated under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and describing the
proposed merger. Neff’s stockholders are urged to carefully read
the information statement regarding the proposed merger and any
other relevant documents in their entirety because they will
contain important information about the proposed acquisition. You
may obtain copies of all documents filed with the SEC regarding the
proposed merger, free of charge, at the SEC’s website,
http://www.sec.gov, or on the Investor Relations section of Neff’s
website (www.neffrental.com), or by directing a request to Neff by
mail or telephone as set forth above.
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version on businesswire.com: http://www.businesswire.com/news/home/20170925005400/en/
United Rentals, Inc.Ted Grace, 203-618-7122Cell:
203-399-8951tgrace@ur.comorNeff CorporationMark IrionChief
Financial OfficerorBrian Coolidge, 305-513-3350Director of
Financial ReportingInvestorRelations@neffcorp.com
NEFF CORP (NYSE:NEFF)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
NEFF CORP (NYSE:NEFF)
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부터 11월(11) 2023 으로 11월(11) 2024