FTC Statement Regarding WillScot's Decision to Abandon Proposed $3.8 Billion Acquisition of Competitor McGrath RentCorp
September 18, 2024
September 18, 2024
WASHINGTON, Sept. 18 -- The Federal Trade Commission issued the following news release:
Phoenix, Arizona-based WillScot Holdings Corporation (WillScot) today announced that it is abandoning its proposed acquisition of McGrath RentCorp (McGrath). Under the merger agreement, which the companies publicly disclosed on January 29, 2024, WillScot agreed to acquire McGrath, a leading business-to-business rental company based in Livermore, California, for $3.8 billion. WillScot and McGrath . . .
Phoenix, Arizona-based WillScot Holdings Corporation (WillScot) today announced that it is abandoning its proposed acquisition of McGrath RentCorp (McGrath). Under the merger agreement, which the companies publicly disclosed on January 29, 2024, WillScot agreed to acquire McGrath, a leading business-to-business rental company based in Livermore, California, for $3.8 billion. WillScot and McGrath . . .