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July 2, 2008

More on the United Rentals Tender Offer

On Tuesday, United Rentals will be in day fourteen of a Dutch auction self tender for 31.4 percent of its stock at $22 to $25. The offer is scheduled to expire on July 16. Management is not participating in the offer nor is directors and according to the last United Rentals proxy they own 2.1 percent of the company.

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Movers: E*Trade, HSBC, Citigroup, Amazon.com

Monday's stocks in the news

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Russia stock trading suspended as shares soar

MOSCOW (AFP) - Trading was suspended Friday on Russian stock markets when share prices soared minutes after the exchanges opened following a massive Russian government rescue plan, market officials said. "We've suspended trading from 11:05 am (0705 GMT). It was because of the sharp rise" in share prices during early trading, a spokesman for Russia's main dollar-denominated RTS stock

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