NEW YORK (Reuters) - United Rentals Inc (URI.N) 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.
Cerberus said there has not been a material adverse change at United Rentals, United Rentals said. The release came after a Reuters report saying Cerberus was prepared to walk away from the deal.
(Reporting by Michael Flaherty; editing by Andre Grenon)
NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.
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