McGrath RentCorp Merger Faces Regulatory Hurdles
Company Announcements

McGrath RentCorp Merger Faces Regulatory Hurdles

Mcgrath Rentcorp (MGRC) has released an update.

McGrath RentCorp is set to merge with WillScot Mobile Mini Holdings Corp. in a two-step transaction that will result in McGrath becoming a wholly owned subsidiary of WillScot Mobile Mini. However, the process has hit a regulatory snag as the Federal Trade Commission has requested additional information, thereby extending the antitrust waiting period. Both companies are actively cooperating with the FTC and remain committed to fulfilling the merger conditions, which hinge on shareholder approval and the satisfaction of the closing conditions outlined in the Merger Agreement.

For further insights into MGRC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyMcGrath RentCorp exec Skenesky sells 5,000 common shares
TheFlyMcGrath RentCorp price target raised to $124 from $120 at Oppenheimer
TheFlyClosing Bell Movers: Deckers up 12% after earnings beat
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App