The "Fast Money" traders share their final trades of the day.» Read More
Equipment rental group United Rentals said it terminated its $4 billion takeover by Cerberus Capital Management and asked Cerberus to pay it a $100 million termination fee.
Shares of United Rentals Monday rose about 6 percent after the company said it was holding talks in a bid to resolve its lawsuit to force Cerberus Capital Management to complete the planned $4 billion buyout of the equipment rental company.
Cerberus Capital Management, in its latest attempt to scuttle its $4 billion purchase of United Rentals, said it filed a request for declaratory judgment Wednesday in New York State Supreme Court.
A $4 billion sale of loans being raised by automaker Chrysler following its takeover by buyout firm Cerberus has been indefinitely postponed, the Wall Street Journal reported.
United Rentals said Monday it filed a lawsuit seeking to force Cerberus Capital Management to complete its $4 billion leveraged buyout of the equipment rental company.
United Rentals said Monday that it had filed a lawsuit seeking to compel Cerberus Capital Management to complete its $4 billion buyout of the equipment rental company.
US stocks closed an uneasy session lower as investors, uncertain if the worst of the credit crisis is over, refrained from extending Tuesday's huge advance.
An affiliate of Cerberus Capital Management said that it is trying to renegotiate its $4 billion offer for United Rentals, but the company is refusing to engage in discussions.
Stocks will be challenged Thursday to shake off the crankiness that gripped the market late in Wednesday's session. Inflation data, a light flow of earnings and some regional economic surveys are on the calendar.
United Rentals said on Wednesday that Cerberus is not prepared to proceed with the purchase of the company on the terms set forth in its July takeover agreement.
KKR, and Goldman walked away from their buyout of stereo maker Harman (HAR) Friday afternoon. Of all the deals announced this summer how many will get done?
Producing a morning show on a Monday is always a tricky bit of business, but what’s often saved the day for the “Squawk Box” staff is a plethora of merger and acquisition deals struck over the weekend... At precisely 6am, private equity struck again: Cerberus announced a deal to buy United Rentals for $4 billion, excluding debt. ... Also: landing Sirius' CEO Mel Karmazin on CNBC.
Equipment rental company United Rentals on Monday said that it had accepted a $4 billion takeover offer from private-equity fund Cerberus Capital Management
Mergers and acquisitions and a generous portion of quarterly earnings along with OPEC news is turning the stock market picture back to the plus side after Friday's selloff, though looming in the background are credit market concerns.
A swirl of merger activity and blow-away earnings from Dow component Merck are positives for stocks ahead of the opening. European markets are mostly higher and Asia was mixed overnight.
The guys go behind the headlines and give you their take on... the CSX downgrade...the AMD upgrade... and more.
Okay, here's a look at the stocks making noise. We focused a bit yesterday on CMGI becasuse it was on top of both the most active and widely held lists. But--that changed as you will see. The best performing trades By % gain from Monday's close to Tuesday's close: United Rentals (URI): If you bought on Monday at $27.55 and held/sold on Tuesday with a close of $32.36..
Equipment rental company United Rentals said it is exploring a possible sale of the company and that Chief Executive Wayland Hicks will retire in June.