United Rental/Cerberus Delay Trial; Possible Settlement
Shares of United Rental (URI) jumped Monday after the company's trial against Cerberus Capital Management was postponed by one day to explore a settlement. United Rental is taking Cerberus to court in an attempt 
to force the buyout firm to complete its deal to purchase United Rental for $34.50/share. The trial was set to begin Monday, but was delayed "to allow the parties to continue settlement discussions that were recently initiated," United Rental said. The announcement gave hope to investors who would like to at least part of the $4 billion deal go through. The deal was one of several leveraged buyouts that collapsed after the credit markets slumped in the late summer. United Rental finished 3% higher to $24.25 Monday.
Additional Reading: United Rentals: Cerberus Backs Out, Not Us
Seeking Alpha's news briefs are combined into a pre-market summary called Wall Street Breakfast. Get Wall Street Breakfast by email -- it's free and takes only seconds to sign up.
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
ETFs In Focus
-
Editor's Picks
-
Most Popular
- Apocalypse Dow: The Search for Scapegoats
- This Isn't a Bottom, It's a Disturbance in The Force
- Reading the S&P 500's Crashing Waves
- What Would Jim Rogers Do?
- On a Return to Normalcy: Dow 8,500
- Looking Back at Lehman: Lying, Scapegoating and a General Lack of Accountability
- Full list of Editor's Picks »
- Nation's Debt: It's Not Being Rescued, It's Being Moved Around »
- Clueless - Cramer's Mad Money (10/8/08) »
- Cramer Should Be Suspended »
- This Isn't a Bottom, It's a Disturbance in The Force »
- Crazy P/E Ratios »
- Bulls Take a Stand - Cramer's Stop Trading! (10/10/08) »
- Sirius Shares Priced Like Stamps »
- Where We Go from Here: Best and Worst Cases »
- Wall Street Breakfast: Must-Know News »
- Earnings Preview: General Electric »
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50 »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- Largest Bond ETF Now Trading At a Massive Discount
- Single Worst Week - Fast Money Recap (10/10/08)
- 'When There's Blood in the Streets', Buy Biotech Stocks
- Midstream MLPs Crashing, Present Opportunity
- A Fresh Look at Shipping Company Stocks
- Panic Selling in InterOil: What Now?
- Potash Corp.: No Liquidity Problems Here
- The Year of the Bear
- Cobalt: More Than Just Blue
- Investors Can Find Comfort in Big Blue
- Full list of Long Ideas »
- The Short Case for General Electric
- Too Late to Short SPY? An Historical Perspective
- Henderson Group: Profit Warning Surprises Short Investors
- Decreasing Chipotle Traffic Could Spell Trouble
- Why I Sold Lowe's Short
- Accor, Host and Marriott: Short Interest Heats Up
- Global Financial Crisis Makes Oil a Great Hedge
- Michael Page International: Stock Down on Market Weakness
- Gaming Stocks Still a Poor Bet - Barron's
- After Coming Rate Cuts, Some Appealing Short ETFs
- Full list of Short Ideas »
- Back Room Deal? - Cramer's Mad Money (10/10/08)
- Prefer a Yield - Cramer's Lightning Round (10/10/08)
- Bulls Take a Stand - Cramer's Stop Trading! (10/10/08)
- Cramer Should Be Suspended
- Clueless - Cramer's Mad Money (10/8/08)
- Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)
- Chocolate Lover - Cramer's Mad Money (10/7/08)
- Yield is King - Cramer's Lightning Round (10/7/08)
- Goldman Disses Solar - Cramer's Stop Trading ! (10/7/08)
- Time to Hoard Cash - Cramer's Mad Money (10/6/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »