M&A
confidence high
sentiment neutral
materiality 0.50
McGrath RentCorp and WillScot receive FTC Second Request, extending HSR waiting period
MCGRATH RENTCORP
- FTC issued Second Request to both McGrath and WillScot Mobile Mini on Feb 21, 2024, extending HSR waiting period.
- Waiting period extended to 30 days after both parties substantially comply, unless terminated sooner or extended by agreement.
- Parties expect to promptly respond and work cooperatively with the FTC.
- Transaction remains subject to HSR clearance, McGrath shareholder vote, and other closing conditions per Merger Agreement.