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Williams Scotsman shareholders to vote Oct. 29 on merger with Algeco
By Lisa Kerner
Charlotte, N.C., Aug. 28 - Williams Scotsman International, Inc. shareholders will vote on the company's proposed merger with Ristretto Group, the parent company of Algeco, at a special meeting on Oct. 29 beginning at 10 a.m. ET in Baltimore.
The record date for the meeting is Sept. 26, a company news release stated.
William Scotsman also announced that the Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period effective Aug. 23.
On July 19, Williams Scotsman agreed to be acquired by Ristretto in an all-cash transaction valued at $2.2 billion, which includes the refinancing of outstanding debt. Williams Scotsman shareholders will receive $28.25 per share.
Williams Scotsman is a Baltimore-based provider of mobile and modular space solutions with a fleet of over 118,000 leased modular space and storage units.
Algeco is a privately held French company that operates rental accommodation and storage facilities, with a total of 175,000 units including portable restrooms.
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