Articles

Blog

Newsletters

Stay up-to-date on the latest marketing intelligence and opportunities.

Resources

Issue Archive

Event Calendar

The Rental Show– New Orleans, LA
February 6-8, 2012

» More events and information

Social Media

More ways to stay informed...

Private Equity Firm Reveals Part Ownership of United Rentals

Dec 7, 2007 4:07 PM

SuttonBrook Capital Management LP last week revealed, in a filing with the Securities and Exchange Commission, that it owns about 5 million shares of United Rentals, a 5.83-percent stake, and may hold discussions with the rental company about a possible merger, reorganization or liquidation of the company.

SuttonBrook also said it could discuss board membership changes, an asset sale, changes to the company’s business structure or dividend policies.

Last month RAM Holdings and RAM Acquisition Corp, subsidiaries of Cerberus Capital Management LP, backed out of a $6.7-billion acquisition of United Rentals, including assumption of debt. United Rentals then filed a lawsuit to force Cerberus to complete the deal. Cerberus also filed suit to limit its liability to a $100-million breakup fee.

United Rentals, No. 1 on the RER 100, is based in Greenwich, Conn.

Want to use this article? Click here for options!
© 2012 Penton Media Inc.

Acceptable Use Policy

blog comments powered by Disqus

most recent story

Stock Block

Buyers Guide

The RER Industry Directory is the resource buyers like yourself rely on when looking for up-to-date information on the products or services you are searching for.

Learn More