RSC Holdings Inc. : The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of RSC Holdings Inc. in Connection with the Sale of the Company to United Rentals, Inc.
12/22/2011| 08:05pm US/Eastern
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Levi & Korsinsky is investigating the Board of Directors of RSC Holdings
Inc. ("RSC" or the "Company") (NYSE: RRR) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to United Rentals, Inc. (NYSE: URI). Under the terms
of the transaction, RSC shareholders will receive $10.80 in cash and
about 0.28 of a share of United Rentals, Inc. stock for each RSC share
they own. Based on prior closing prices, the transaction values RSC
stock at approximately $18 per share for a total transaction value of
approximately $4.2 billion, including $2.3 billion in assumed debt.
Click here to learn how to join the action: http://www.zlk.com/rsc-holdings-rrr.html,
or call: 877-363-5972.
The investigation concerns whether the RSC Board of Directors breached
their fiduciary duties to RSC stockholders by failing to adequately shop
the Company before entering into this transaction and whether United
Rentals, Inc. is underpaying for RSC shares, thus unlawfully harming RSC
stockholders.
If you own common stock in RSC and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting investor
securities litigation involving financial fraud and represents investors
throughout the nation, concentrating its practice in securities and
shareholder litigation. For more information, please feel free to
contact any of the attorneys listed below. Attorney advertising. Prior
results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky,
Esq.
Tel: 212-363-7500
Toll Free: (877) 363-5972
Fax:
(212) 363-7171
www.zlk.com
© Business Wire 2011
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