M&A
confidence high
sentiment positive
materiality 0.85
McGrath RentCorp shareholders approve merger with WillScot Mobile Mini
MCGRATH RENTCORP
- Merger proposal approved with 18,070,204 votes for (96.2% of votes cast), 688,517 against, 31,098 abstain.
- Shareholder vote condition to the merger under the Merger Agreement is now satisfied.
- Advisory compensation proposal also approved (17,619,184 for), but is non-binding and not a condition to closing.
- Adjournment proposal was rendered unnecessary after merger proposal passed.
- Special meeting held July 11, 2024; 76.5% of outstanding shares were present or represented.