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United Rentals Inc

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BUSINESS
December 25, 2007 | From Times Wire Services
Cerberus Capital Management agreed to pay Greenwich, Conn.-based United Rentals Inc. a $100-million breakup fee for dropping its $4-billion purchase of the equipment-rental company. Cerberus agreed to pay the fee after a Delaware court ruled the private equity firm was allowed to scrap the takeover, which it abandoned last month.
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BUSINESS
December 25, 2007 | From Times Wire Services
Cerberus Capital Management agreed to pay Greenwich, Conn.-based United Rentals Inc. a $100-million breakup fee for dropping its $4-billion purchase of the equipment-rental company. Cerberus agreed to pay the fee after a Delaware court ruled the private equity firm was allowed to scrap the takeover, which it abandoned last month.
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BUSINESS
March 22, 2002
* Commercial nursery operator Hines Horticulture Inc. of Irvine agreed to sell its Canadian unit to a new Canadian income fund. Hines plans to use the estimated net proceeds of $113 million from the sale to pay down debt. * Fluor Corp. sold its equipment-rental unit, S&R Equipment Co., to United Rentals Inc., for undisclosed terms.
BUSINESS
March 22, 2002
* Cadiz Inc. reported a fourth-quarter net loss of $9.3 million, or 26 cents a share, compared with a loss of $7 million, or 20 cents, a year ago, as revenue fell 8.6% to $16 million. The Santa Monica company said that its agricultural operations are beginning to turn around after a two-year slump. * Commercial nursery operator Hines Horticulture Inc. of Irvine agreed to sell its Canadian unit to a new Canadian income fund.
BUSINESS
June 29, 1999 | Reuters
Swedish engineering group Atlas Copco said it is buying Rental Service Corp. for $1.63 billion, or $29 a share, in a deal that will make it North America's No. 2 construction equipment rental company. United Rentals Inc., the biggest U.S. equipment rental company, said it would drop out of the bidding for No. 3 Rental Service, which formally rejected United's hostile $22.75-a-share offer earlier this month.
BUSINESS
June 17, 1998 | From Reuters
United Rentals Inc. on Tuesday said it agreed to buy Modesto-based U.S. Rentals Inc. for about $1.2 billion in stock and assumed debt in a deal that would create the biggest equipment rental company in the United States. The combined company would rent backhoes, forklifts, hand tools, tables, chairs and other items at 296 sites in 33 states, Canada and Mexico. The company would have annual sales of about $1.
BUSINESS
March 6, 2001
* Ceridian Corp. signed an eight-year, $27-million lease for 134,000 square feet of office space at Fountain Valley City Centre at 17390 Brookhurst St. in Fountain Valley, where the company will merge several of its Orange County operations. The tenant was represented by Rick Sherburne and Travis Boyd of CB Richard Ellis. The landlord, Arden Realty, was represented in-house by Andy Batcheller and Marc Jones.
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