United Rentals Acquires Australian Firm, Shares Surge

United Rentals shares surged as they announced acquiring Alfasi Hire, an Australian rental firm, bolstering their position as the worlds largest equipment rental company. This move contrasts with competitor Ashteads struggles, reporting lower profits due to higher repair costs and decreased hurricane activity. United Rentals stock closed up nearly three percent, reflecting investors positive view of the acquisition.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.