Ashtead ( (GB:AHT) ) just unveiled an announcement.
Ashtead Group plc has announced its intention to move the company’s primary listing to the US while retaining a secondary listing in London. This strategic move, which has received support from a variety of shareholders, involves the creation of a new US-based parent company, Sunbelt Rentals Holdings, Inc. The transition requires a formal approval process through a UK scheme of arrangement, with expected completion in early 2026. This shift aims to optimize Ashtead’s market positioning and align with its stakeholders’ interests.
More about Ashtead
Ashtead Group plc operates in the equipment rental industry, primarily providing industrial and construction equipment. It is focused on expanding its market presence with significant operations in the United States and the United Kingdom.
YTD Price Performance: 2.80%
Average Trading Volume: 1,103,137
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £21.66B
For an in-depth examination of AHT stock, go to TipRanks’ Stock Analysis page.