Shares of RSC Holdings Inc. (NYSE: RRR) soared in
trading on Friday after the Scottsdale, Arizona-based company agreed to be
acquired by United Rentals Inc. (NYSE: URI). United Rentals will acquire the
equipment rental company for $18 per share.
RSC Holdings shares rose to a new 52-week high of
$18 on Friday. The stock ended 57.87% higher on above average volume. The rally
pushed RSC Holdings shares above their 50-day and 200-day moving averages.
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