Why McGrath Rentcorp Stock Popped Today [Yahoo! Finance]
McGrath RentCorp (MGRC)
Last mcgrath rentcorp earnings: 4/29 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
mgrc.com/investors
Company Research
Source: Yahoo! Finance
McGrath fetches a tidy acquisition premium More specifically, WillScot Mobile will acquire McGrath for $123 per share in cash and stock -- a roughly 10.1% premium to McGrath's closing price on Friday and reflecting an enterprise value of $3.8 billion (including roughly $800 million of net debt). "This combination provides McGrath customers and employees a platform for continued growth and success, while providing McGrath shareholders with immediate cash value as well as participation in the upside potential of the combined company," stated McGrath CEO Joseph Hanna. What's next for McGrath RentCorp shareholders? Indeed, McGrath shareholders will receive either $123 in cash or 2.8211 shares of WillScot Mobile Mini common stock for each share they own. Per the terms of the agreement, 60% of McGrath's outstanding shares will be converted into the cash consideration, and 40% will be converted into the stock consideration. McGrath shareholders will also own roughly 12.6% of the com
Show less
Read more
Impact Snapshot
Event Time:
MGRC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MGRC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MGRC alerts
High impacting McGrath RentCorp news events
Weekly update
A roundup of the hottest topics
MGRC
News
- McGrath RentCorp (NASDAQ:MGRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- McGrath RentCorp (NASDAQ: MGRC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- McGrath RentCorp (MGRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- McGrath Announces Results for First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- McGrath Announces Results for First Quarter 2024Business Wire
MGRC
Earnings
- 4/25/24 - Beat
MGRC
Sec Filings
- 5/2/24 - Form 425
- 4/25/24 - Form 8-K
- 4/25/24 - Form 10-Q
- MGRC's page on the SEC website