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UNITED RENTALS
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United Rentals : Neff Corp., Advised by Akin Gump, Closes on $1.3 Billion Sale to United Rentals, Inc.

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10/04/2017 | 01:48pm CET

NEW YORK, Oct. 2 -- Akin Gump Strauss Hauer and Feld, a law firm, issued the following news release:

United Rentals, Inc. today announced it has completed its previously announced acquisition of Neff Corporation for a total purchase price of approximately $1.3 billion. The purchase was funded primarily through newly issued unsecured debt. Akin Gump served as legal advisor to Neff, which had earlier agreed to be acquired by H&E Equipment Services, Inc. for roughly $1.2 billion before accepting United Rentals' higher bid.

The Akin Gump team was led by corporate partner Daniel Fisher and included corporate partner Zachary Wittenberg, antitrust partner Gorav Jindal, corporate counsel Nicholas Houpt and corporate associates John Clayton, Evan Goodman, Charlie Hely and Meagan Lanier.

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Stocks mentioned in the article
ChangeLast1st jan.
NEFF CORP 0.00%-End-of-day quote.77.31%
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2017United Rentals Stock Is Positioned For Outperformance 
Financials ($)
Sales 2018 7 579 M
EBIT 2018 2 047 M
Net income 2018 1 189 M
Debt 2018 8 155 M
Yield 2018 -
P/E ratio 2018 12,41
P/E ratio 2019 10,92
EV / Sales 2018 2,99x
EV / Sales 2019 2,66x
Capitalization 14 538 M
Chart UNITED RENTALS
Duration : Period :
United Rentals Technical Analysis Chart | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 179 $
Spread / Average Target 4,3%
EPS Revisions
Managers
NameTitle
Michael J. Kneeland President, Chief Executive Officer & Director
Jenne K. Britell Non-Executive Chairman
Matthew John Flannery Chief Operating Officer & Executive Vice President
William B. Plummer Chief Financial Officer & Executive Vice President
Dale A. Asplund Chief Information Officer & SVP-Business Services
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