SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A INFORMATION
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RENTAL SERVICE CORPORATION
(Name of Registrant as Specified in Its Charter)
UNITED RENTALS, INC.
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
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[UNITED RENTALS LOGO]
FOR IMMEDIATE RELEASE
UNITED RENTALS EXTENDS $22.75 PER SHARE CASH
TENDER OFFER FOR RENTAL SERVICE CORPORATION
United Rentals To Nominate Independent
Slate of Directors at Rental Service Annual Meeting
GREENWICH, CT, June 21, 1999 - United Rentals, Inc. (NYSE: URI) today
announced that it has extended its $22.75 per share cash tender offer for
shares of Rental Service Corporation (NYSE: RSV) to midnight, New York City
time, on July 30, 1999. The tender offer was previously scheduled to expire
at midnight on June 18, 1999.
As of midnight on June 18, Rental Service stockholders had validly
tendered 2,826,960 shares pursuant to the tender offer, representing
approximately 11.6% of the 24,268,770 common shares outstanding.
United Rentals announced its $22.75 per share all cash offer for the
outstanding shares of Rental Service on April 5. The offer represents a 32%
premium to Rental Service's closing price on the last day of trading prior
to the announcement.
The Company previously announced that it is soliciting written
consents from Rental Service stockholders for the replacement of the
current Rental Service board with independent nominees. United Rentals
today announced that it will also nominate the same individuals to stand
for election to the board at the Rental Service annual meeting scheduled
for August 27, 1999. United Rentals will solicit proxies in support of
these independent nominees.
United Rentals, Inc. is the largest equipment rental company in North
America and serves over 900,000 customers through its network of 506
locations in 41 states, six Canadian provinces and Mexico.
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Investor contact: Media contact:
Robert Miner Fred Bratman or Tracy Williams
United Rentals, Inc. Sard Verbinnen & Co.
Phone: 203-622-3131 Phone: 212-687-8080
Fax: 203-622-6080 Fax: 212-687-8344
E-mail: [email protected] E-mail: [email protected]
or [email protected]
