The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of RSC Holdings Inc. in Connection with the Sale of the Company to United Rentals, Inc.
Posted on December 22, 2011 at 20:03 PM EST

Levi & Korsinsky is investigating the Board of Directors of RSC Holdings Inc. (“RSC” or the “Company”) (NYSE: RRR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to United Rentals, Inc. (NYSE: URI). Under the terms of the transaction, RSC shareholders will receive $10.80 in cash and about 0.28 of a share of United Rentals, Inc. stock for each RSC share they own. Based on prior closing prices, the transaction values RSC stock at approximately $18 per share for a total transaction value of approximately $4.2 billion, including $2.3 billion in assumed debt.

Click here to learn how to join the action: http://www.zlk.com/rsc-holdings-rrr.html, or call: 877-363-5972.

The investigation concerns whether the RSC Board of Directors breached their fiduciary duties to RSC stockholders by failing to adequately shop the Company before entering into this transaction and whether United Rentals, Inc. is underpaying for RSC shares, thus unlawfully harming RSC stockholders.

If you own common stock in RSC and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.

Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here