secwatch.observer — SEC 8-K summary
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Issuer:     MCGRATH RENTCORP (MGRC)
CIK:        0000752714
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001193125-24-017316
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WillScot Mobile Mini to acquire McGrath RentCorp for $3.8B; $123/share cash or 2.8211 stock
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- Merger valued at ~$3.8B; MGRC shareholders get $123 cash or 2.8211 WSC shares per share (60% cash/40% stock).
- Board unanimously approved; expected close in first half 2024, subject to shareholder and regulatory approvals.
- Combined 2023 pro forma revenue $3.2B and adjusted EBITDA $1.4B; ~$50M expected run-rate operating synergies.
- Termination fees: WSC pays $180M if antitrust fails; MGRC pays $120M under certain conditions.
- MGRC will become a wholly owned subsidiary of WSC; combined company serves 85,000+ customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/752714/000119312524017316/0001193125-24-017316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/752714/000119312524017316/d755668d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-017316

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