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Platinum Equity Bumps Offer For Electro Rent To $382M

socalTECH

JUNE 24, 2016

Beverly Hills-based private equity investor Platinum Equity announced this morning that it has bumped its offer for Van Nuys-based Electro Rent to $15.50 According to Platinum Equity, the increased offer comes due to a receipt by Electro REnt of an unsolicited, third party acquisition proposal.

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