SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 WINS MOTION TO DISMISS IN FEDERAL COURT
Court Confirms Accuracy of Disclosure on Tender Offer Financing
GREENWICH, CT, JUNE 17, 1999 -- United Rentals, Inc. (NYSE: URI)
announced today that the United States District Court for the District of
Connecticut dismissed the only remaining counterclaims of Rental Service
Corporation (NYSE: RSV) pending in the court.
In its decision, the court determined that United Rentals'
characterization of its tender offer as fully financed and all cash
accurately reflected the offer in light of United Rentals' firm commitment
from Goldman, Sachs & Co. The court also concluded that United Rentals'
Offer to Purchase adequately disclosed the financing arrangements with
Goldman Sachs.
"We're pleased with today's decision to dismiss Rental Service's
counterclaims, which we regarded from the beginning as meritless," said
Bradley Jacobs, chairman and chief executive officer of United Rentals.
United Rentals also said that it was continuing its tender offer and
consent solicitation to unseat the Rental Service board.
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]
