Monday, November 19, 2007
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.