McGrath RentCorp shares are trading lower after the company announced the termination of its merger with WillScot.
Portfolio Pulse from Benzinga Newsdesk
McGrath RentCorp shares declined following the announcement of the termination of its merger with WillScot.
September 18, 2024 | 1:15 pm
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NEGATIVE IMPACT
McGrath RentCorp's stock is trading lower due to the termination of its merger with WillScot, which may have been anticipated to bring strategic benefits.
The termination of the merger likely disappointed investors who expected strategic benefits from the deal, leading to a decline in McGrath RentCorp's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100