Securities Law Prof Blog

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

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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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