United Rentals, Neff Announce Early Termination of Waiting Period for Acquisition

United Rentals and Neff Corporation announced the U.S. Federal Trade Commission granted early termination of the waiting period with respect to the pending acquisition of Neff by United Rentals.

📅   Mon September 25, 2017 - National Edition


United Rentals and Neff Corporation announced the U.S. Federal Trade Commission granted early termination of the waiting period with respect to the pending acquisition of Neff by United Rentals.
United Rentals and Neff Corporation announced the U.S. Federal Trade Commission granted early termination of the waiting period with respect to the pending acquisition of Neff by United Rentals.

United Rentals, Inc. (“United Rentals” or “the company”) and Neff Corporation, operating as Neff Rental (“Neff”), has announced that on September 21, 2017, the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with respect to the pending acquisition of Neff by United Rentals.

The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions. The company has reaffirmed its expectation that the transaction will close in early October.

Earlier this year, United Rentals outbid H&E Equipment to acquire Neff.

For more information, visit www.unitedrentals.com.