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United Rentals to explore strategic alternatives; CEO to retire

Tue Apr 10, 2007 7:22am EDT

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April 10 (Reuters) - Equipment rental company United Rentals Inc. (URI.N) said it will explore a range of strategic alternatives, including a possible sale of the company.

Mergers & Acquisitions

The company also said Chief Executive Officer Wayland Hicks will retire effective June 4. Michael Kneeland, who is currently chief operating officer, will succeed Hicks as interim chief executive, it added.

United Rentals has retained UBS Investment Bank and Credit Suisse to act as financial advisors in the process, it said in a statement. (Reporting by Rakesh Sharma in Bangalore)

Mergers & Acquisitions


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