Sullivan Leads United Rentals In $2B RSC Purchase

Law360, New York (December 16, 2011, 6:51 PM EST) -- United Rentals Inc. has agreed to purchase rival equipment rental company RSC Holdings Inc. for approximately $1.9 billion in cash and stock, in a move to extend its reach in the market, United Rentals announced Friday.

United Rentals said the deal is expected to provide a cost savings of up to $200 million a year and will boost the company's revenues after the transaction closes. Terms of the deal provide that United Rentals will pay $10.80 in cash and .2783 of a share for each share...
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