SECURITIES AND EXCHANGE COMMISSION
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RENTAL SERVICE CORPORATION
(Name of Registrant as Specified in Its Charter)
UNITED RENTALS, INC.
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[UNITED RENTALS LOGO]
FOR IMMEDIATE RELEASE
UNITED RENTALS TERMINATES PROPOSAL
TO ACQUIRE RENTAL SERVICE CORPORATION
GREENWICH, CT, JUNE 28, 1999 -- United Rentals, Inc. (NYSE:URI) today
announced that it is terminating its tender offer and consent solicitation
relating to its proposal to acquire Rental Service Corporation (NYSE: RSV).
Bradley S. Jacobs, chairman and chief executive officer of United Rentals,
said, "In light of the $29 a share offer announced this morning, we have
decided not to compete for Rental Service Corporation at this price level."
United Rentals, Inc. is the largest equipment rental company in North
America and serves a wide range of customers through its network of 506
locations in 41 states, six Canadian provinces and Mexico. Additional
information about United Rentals is available at the Company's website at
www.unitedrentals.com.
The matters discussed in this news release include certain forward-looking
statements that involve specific risks and uncertainties, which could cause
actual results to differ materially from those forward-looking statements,
including those detailed in the Company's filings with the Securities and
Exchange Commission and quarterly reports filed on Form 10-Q. The Company
makes no commitment to disclose any revisions to forward-looking
statements, or any facts, events or circumstances after the date hereof
that may bear upon forward-looking statements.
# # #
Investor contact: Media contact:
Robert Miner Fred Bratman or Tracy Williams
United Rentals, Inc. Sard Verbinnen & Company
(203) 622-3131 (212) 687-8080
[email protected] [email protected] or
[email protected]
