Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, November 19, 2007

United Rentals Sues Cerberus To Go Through with LBO

Another busted buyout, another lawsuit.  United Rentals said it filed a lawsuit in Delaware Chancery Court against Cerberus Capital Management to force it to complete the $7 billion LBO.  Last week Cerberus said it was not prepared to go forward with the transaction, which valued the company at $34.50.  WSJ, United Rentals Sues Cerberus Over Failed Buyout Deal.

http://lawprofessors.typepad.com/securities/2007/11/united-rentals.html

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