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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 The new price bumps the total value of the deal to approximately $382.2M. per share in cash, up from an earlier, $13.12 per share offer.

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Van Nuys Equity Beverly Hills Acquisition 124
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Platinum Equity Acquires Electro Rent For $323.4M

SoCal Tech Calendar

MAY 31, 2016

Beverlly Hills-based private equity investor Platinum Equity , and Van Nuys-based Electro Rent said Tuesday that the two are in a definitive agreement, where Platinum Equity will pay approximately $323.4M Platinum Equity said ti will pay $13.12 percent over the company's closing price on May 27th.

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Van Nuys Equity Pricing Company 100
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