Mcgrath Rentcorp (MGRC) has released an update.
McGrath RentCorp is set to merge with WillScot Mobile Mini Holdings Corp. in a two-step transaction that will result in McGrath becoming a wholly owned subsidiary of WillScot Mobile Mini. However, the process has hit a regulatory snag as the Federal Trade Commission has requested additional information, thereby extending the antitrust waiting period. Both companies are actively cooperating with the FTC and remain committed to fulfilling the merger conditions, which hinge on shareholder approval and the satisfaction of the closing conditions outlined in the Merger Agreement.
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