United Rentals Sets Special Meeting Date For Approval of Merger Agreement



    GREENWICH, CONN., September 13 /CNW/ - United Rentals, Inc. (NYSE:   URI)
today announced that it will hold a special meeting of stockholders on October
19, 2007 for the purpose of voting on a proposal to adopt its merger agreement
with affiliates of Cerberus Capital Management, L.P. Pursuant to the
agreement, United Rentals is to be acquired pursuant to a merger in which each
share of United Rentals common stock will be converted into the right to
receive $34.50 in cash.

    The meeting will be held at 10:00 a.m., local time, at the Stamford
Marriot, Two Stamford Forum, Stamford, Connecticut. Stockholders of record as
of the close of business on Monday, September 10, 2007 will be entitled to
vote at the special meeting. The definitive proxy statement regarding the
proposed merger, together with a proxy card and notice of the special meeting,
will be mailed to United Rentals stockholders next week.

    Completion of the merger is subject to the adoption of the merger
agreement by the Company's stockholders at the special meeting and the
satisfaction of the other closing conditions set forth in the merger
agreement. The Company currently expects to complete the proposed merger
during the fourth quarter.

    About United Rentals

    United Rentals, Inc. is the largest equipment rental company in the
world, with an integrated network of over 690 rental locations in 48 states,
10 Canadian provinces and Mexico. The company's more than 12,000 employees
serve construction and industrial customers, utilities, municipalities,
homeowners and others. The company offers for rent over 20,000 classes of
rental equipment with a total original cost of $4.3 billion. United Rentals is
a member of the Standard & Poor's MidCap 400 Index and the Russell 2000
Index(R) and is headquartered in Greenwich, Conn. Additional information about
United Rentals is available at www.unitedrentals.com.

    Forward-Looking Statements

    Certain statements in this press release are forward-looking statements
within the meaning of the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements can generally be identified by
words such as "believes," "expects," "plans," "intends," "projects,"
"forecasts," "may," "will," "should," "on track" or "anticipates," or the
negative thereof or comparable terminology, or by discussions of vision,
strategy or outlook. Our businesses and operations are subject to a variety of
risks and uncertainties, many of which are beyond our control, and,
consequently, actual results may differ materially from those expected by any
forward-looking statements. Factors that could cause actual results to differ
from those expected include, but are not limited to, the following: (1) the
occurrence of any event, change or other circumstances that could give rise to
the termination of, or a material change in the terms of, the merger
agreement, (2) the inability to complete the merger due to the failure to
obtain stockholder approval or the failure to satisfy other conditions to the
completion of the merger, (3) risks that the proposed transaction disrupts
current plans and operations and the potential difficulties in employee
retention as a result of the merger, (4) certain significant costs, fees and
expenses related to the merger, such as legal and accounting fees, remain
payable regardless of whether or not the proposed merger is consummated (5)
under certain circumstances, if the merger is not completed, we may be
required to pay a termination (break-up) fee of $100,000,000, (6) weaker or
unfavorable economic or industry conditions can reduce demand and prices for
our products and services, (7) non-residential construction spending or
governmental funding for infrastructure and other construction projects may
not reach expected levels, (8) we may not always have access to capital at
desirable rates for our businesses or growth plans, (9) any companies we
acquire could have undiscovered liabilities, may strain our management
capabilities or may be difficult to integrate, (10) rates we can charge may be
less than anticipated, or costs we incur may be more than anticipated, (11) we
are subject to an ongoing inquiry by the SEC, and there can be no assurance as
to its outcome, or any other potential consequences thereof for us, and (12)
we may incur additional significant costs and expenses in connection with the
SEC inquiry, the class action lawsuits and derivative actions that were filed
in light of the SEC inquiry, the U.S. Attorney's Office requests for
information, or other litigation, regulatory or investigatory matters related
to the SEC inquiry, the proposed merger or otherwise. For a fuller description
of these and other possible uncertainties, please refer to our Annual Report
on Form 10-K for the year ended December 31, 2006, as well as to our
subsequent filings with the SEC. Our forward-looking statements contained
herein speak only as of the date hereof, and we make no commitment to update
or publicly release any revisions to forward-looking statements in order to
reflect new information or subsequent events, circumstances or changes in
expectations.

    IMPORTANT ADDITIONAL INFORMATION AND WHERE TO FIND IT:

    In connection with the proposed merger, United Rentals will file a proxy
statement with the Securities and Exchange Commission (the "SEC"). INVESTORS
AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT WHEN IT BECOMES
AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER AND
THE PARTIES TO THE MERGER. Investors and security holders may obtain a free
copy of the proxy statement (when available) and other relevant documents
filed with the SEC from the SEC's website at www.sec.gov. United Rentals
security holders and other interested parties will also be able to obtain,
without charge, a copy of the proxy statement and other relevant documents
(when available) by directing a request by mail to the company at Five
Greenwich Office Park, Greenwich, CT 06831, or by telephone to (203) 622-3131,
or from the United Rentals website at www.unitedrentals.com.

    United Rentals and its directors and officers may be deemed to be
participants in the solicitation of proxies from United Rentals stockholders
with respect to the merger. Information about United Rentals directors and
officers and their ownership of United Rentals common stock and other
securities is set forth in the United Rentals proxy statements and Annual
Reports on Form 10-K, previously filed with the SEC, and will be set forth in
the proxy statement relating to the merger when it becomes available.




For further information:

For further information: Hyde Park Financial Communications Fred
Bratman, 203-618-7318 Cell: 917-847-4507 fbratman@hydeparkfin.com

Organization Profile

UNITED RENTALS, INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890