WSC - WillScot Mobile - McGrath RentCorp Merger: Potential Double-Digit Returns
2024-06-13 11:16:21 ET
Summary
- McGrath RentCorp and WillScot Mobile Mini Holdings Corp. are set to merge, with the contribution appearing significantly larger than the current market price of McGrath.
- The FTC recently approved the transaction after requesting additional information, but many investors may not be aware of the news.
- The merger is expected to be approved by shareholders, as the valuation of 9.5x adjusted EBITDA is in line with industry precedents.
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WillScot Mobile - McGrath RentCorp Merger: Potential Double-Digit Returns