United Rentals shares are trading higher after the company announced that it entered into a definitive agreement to acquire Yak Access for $1.1 billion.
Portfolio Pulse from Benzinga Newsdesk
United Rentals announced its definitive agreement to acquire Yak Access for $1.1 billion, causing its shares to trade higher.
March 04, 2024 | 3:24 pm
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United Rentals' shares are trading higher following the announcement of its acquisition of Yak Access for $1.1 billion.
The acquisition news is likely to be viewed positively by investors as it could enhance United Rentals' market position and revenue streams, leading to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100