Williams Scotsman shareholders to vote Oct. 29 on merger with Algeco

By Lisa Kerner

Charlotte, N.C., Aug. 28 - Williams Scotsman International, Inc. shareholders will vote on the company's proposed merger with Ristretto Group, the parent company of Algeco, at a special meeting on Oct. 29 beginning at 10 a.m. ET in Baltimore.

The record date for the meeting is Sept. 26, a company news release stated.

William Scotsman also announced that the Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period effective Aug. 23.

On July 19, Williams Scotsman agreed to be acquired by Ristretto in an all-cash transaction valued at $2.2 billion, which includes the refinancing of outstanding debt. Williams Scotsman shareholders will receive $28.25 per share.

Williams Scotsman is a Baltimore-based provider of mobile and modular space solutions with a fleet of over 118,000 leased modular space and storage units.

Algeco is a privately held French company that operates rental accommodation and storage facilities, with a total of 175,000 units including portable restrooms.

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