BUZZ-WillScot, McGrath RentCorp shares down after merger collapses

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** Shares of storage solutions firm WillScot WSC.O down 2% at $39 and B2B rental company McGrath RentCorp MGRC.O down 3% at $99 ** WSC and MRGC mutually terminate $3.8 bln merger ** WSC says both cos have mutually agreed to terminate the transaction based on a joint determination that there was no commercially reasonable path to clear the necessary regulatory requirements for the transaction ** MGRC to receive $180 mln in termination fees from WSC ** Up to Tuesday's close, WSC down 9.6% and MGRC down 14.5% YTD (Reporting by Anshuman Tripathy in Bengaluru) (([email protected]))
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Published Date
19 Sep 2024 at 12:51 AM
Publisher
Refinitiv
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