- Business Wire•22 days ago
Electro Rent Corporation today announced that at a special meeting, its shareholders approved the company’s acquisition by Platinum Equity.
- Business Wire•last month
Electro Rent Corporation today announced that it has been named a Preferred Reseller and Rental Partner for IMST GmbH throughout the United States and Canada. Electro Rent will offer for sale or rent the full line of IMST design software, hardware, and design and development services to the wide range of customers it serves.
- American City Business Journals•2 months ago
Investment firm Platinum Equity has raised its offer to buy Electro Rent Corp. to about $382 million, from a previous $323.4 million, due to a unsolicited bid by a third party. Beverly Hills-based Platinum Equity increased its bid by 18 percent to $15.50 per share in cash from $13.12 per share, the companies said without naming the third party. The new purchase price represents a premium of 19 percent over the closing price of Electro Rent’s common stock on June 23, 45 percent over the average closing price of its common stock during the past three months, and 47 percent over the closing price on May 27, the last day of trading prior to the original announcement of the Platinum Equity agreement.
Electro Rent Corporation (ELRC)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
|Day's Range||15.48 - 15.50|
|52wk Range||7.30 - 15.57|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||41.89|
|Avg Vol (3m)||181,978|
|Dividend & Yield||N/A (N/A)|