Acquisition by WillScot Mobile Mini Holdings boosts McGrath RentCorp shares

  • McGrath RentCorp shares hit a 52-week high after agreeing to be acquired by WillScot Mobile Mini Holdings
  • Deal valued at $3 billion in cash and stock
  • McGrath shareholders can choose between $123 in cash or 2.8211 WillScot shares per share
  • Total deal consideration consists of 60% cash and 40% stock
  • Cash consideration offers a 10% premium to McGrath’s Friday closing price
  • Stock consideration offers a 14% premium based on WillScot’s Friday closing price
  • Shares of McGrath reached a 52-week high of $123.52
  • Transaction expected to close in the second quarter

McGrath RentCorp shares surged to a 52-week high after the company agreed to be acquired by WillScot Mobile Mini Holdings in a deal worth $3 billion. Shareholders of McGrath RentCorp can choose between receiving $123 in cash or 2.8211 WillScot shares for each share held. The total deal consideration is made up of 60% cash and 40% stock. The cash consideration offers a 10% premium to McGrath’s Friday closing price, while the stock consideration provides a 14% premium based on WillScot’s Friday closing price. The transaction, valued at $3.8 billion including net debt, is expected to close in the second quarter.

Public Companies: McGrath RentCorp (Unknown), WillScot Mobile Mini Holdings (Unknown)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides factual information about the acquisition of McGrath RentCorp by WillScot Mobile Mini Holdings. It includes details about the deal consideration, the premium offered, and the current stock prices of both companies. The information is straightforward and does not contain any obvious bias or opinion.

Noise Level: 8
Justification: The article provides a straightforward report on the acquisition of McGrath RentCorp by WillScot Mobile Mini Holdings. It includes relevant information such as the deal consideration, premium, and expected closing date. However, it lacks analysis, scientific rigor, and intellectual honesty. It does not explore the consequences of the acquisition or provide any actionable insights or solutions. The article stays on topic and supports its claims with data, but it does not hold powerful people accountable or discuss antifragility or long-term trends.

Financial Relevance: Yes
Financial Markets Impacted: The acquisition of McGrath RentCorp by WillScot Mobile Mini Holdings for $3 billion in cash and stock may impact the stock prices of both companies involved.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article pertains to a financial event, specifically the acquisition of McGrath RentCorp by WillScot Mobile Mini Holdings. However, there is no mention of an extreme event or any impact rating associated with it.

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