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MarketScreener Homepage  >  Equities  >  Nyse  >  United Rentals       

UNITED RENTALS
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End-of-day quote. End-of-day quote  - 01/23
185.87 USD   -0.67%
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United Rentals : Neff Corp., Advised by Akin Gump, Closes on $1.3 Billion Sale to United Rentals, Inc.

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10/04/2017 | 01:48pm CEST

NEW YORK, Oct. 2 -- Akin Gump Strauss Hauer and Feld, a law firm, issued the following news release:

United Rentals, Inc. today announced it has completed its previously announced acquisition of Neff Corporation for a total purchase price of approximately $1.3 billion. The purchase was funded primarily through newly issued unsecured debt. Akin Gump served as legal advisor to Neff, which had earlier agreed to be acquired by H&E Equipment Services, Inc. for roughly $1.2 billion before accepting United Rentals' higher bid.

The Akin Gump team was led by corporate partner Daniel Fisher and included corporate partner Zachary Wittenberg, antitrust partner Gorav Jindal, corporate counsel Nicholas Houpt and corporate associates John Clayton, Evan Goodman, Charlie Hely and Meagan Lanier.

Targeted News Service, source News Service

Stocks mentioned in the article
ChangeLast1st jan.
NEFF CORP 0.00%-End-of-day quote.77.31%
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2017United Rentals Stock Is Positioned For Outperformance 
Financials ($)
Sales 2018 7 743 M
EBIT 2018 2 089 M
Net income 2018 1 184 M
Debt 2018 8 665 M
Yield 2018 -
P/E ratio 2018 11,89
P/E ratio 2019 9,88
EV / Sales 2018 2,92x
EV / Sales 2019 2,60x
Capitalization 13 951 M
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Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 190 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Michael J. Kneeland President, Chief Executive Officer & Director
Matthew John Flannery President & Chief Operating Officer
Jenne K. Britell Non-Executive Chairman
William B. Plummer Chief Financial Officer & Executive Vice President
Dale A. Asplund Chief Information Officer & SVP-Business Services
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