Articles
advertisement
Newsletters
Stay up-to-date on the latest marketing intelligence and opportunities.
Resources
Issue Archive
Event Calendar
AED Executive Forum
Sept. 11-12
Westin O'Hare
Rosemont, IL
www.aednet.org/execforum/index.cfm
International Aerial Platform Exhibition and Conference
September 17-19
APEX
MECC Maastricht
The Netherlands
Industrial Promotions International
www.apexshow.com
Green Industry and Equipment Expo
Oct. 23-25
Louisville, KY
www.gie-expo.com
Specialty Tools & Fasteners Distributors Association Convention
Nov. 9-11
Denver, CO
www.stafda.org
Power-Gen International
Dec. 2-4
Orlando, FL
www.power-gen.com
World of Concrete
Feb. 3-6, 2009
Las Vegas Convention Center
Las Vegas, NV
www.worldofconcrete.com
The Rental Show
March 2-5, 2009
Georgia World Congress Center
Atlanta, GA
www.therentalshow.com
Private Equity Firm Reveals Part Ownership of United Rentals
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.
blog comments powered by Disqus
Want to use this article? Click here for options!
© 2008 Penton Media Inc.
most recent story
popular articles
advertisement
Stock Block
Buyers Guide
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
Rental Rate Guide
Rental Rate Guide 2008
Want to know how much equipment is renting for these days? Find out in RER’s original 2008 Rental Equipment Rate Guide.
Learn More
