McGrath RentCorp (MGRC) confirmed that WillScot Holdings (WSC) and the company mutually agreed to terminate their merger agreement. McGrath is receiving a termination fee of $180 million. Also, McGrath said its Board has authorized an increase in the common stock repurchase plan to 2 million shares.
McGrath said its strategic focus on modular and portable storage growth opportunities will continue. The company said it remains committed to building long-term shareholder value through strategic focus, disciplined capital allocation and consistent execution.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.