-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DlV7vlsxE88w1zHidzixpVAXFbVHPh/sXGg5rrq58hCEQsEnIJOzOHZhiNtHpN5d jkdXZpwNVQV4MPQf2z/bnQ== 0000950172-99-000418.txt : 19990414 0000950172-99-000418.hdr.sgml : 19990414 ACCESSION NUMBER: 0000950172-99-000418 CONFORMED SUBMISSION TYPE: SC 14D1/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 19990413 GROUP MEMBERS: UNITED RENTALS INC /DE GROUP MEMBERS: UR ACQUISITION CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RENTAL SERVICE CORP CENTRAL INDEX KEY: 0001016572 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 330569350 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A SEC ACT: SEC FILE NUMBER: 005-49011 FILM NUMBER: 99592720 BUSINESS ADDRESS: STREET 1: 6929 EAST GREENWAY PARKWAY STREET 2: STE 200 CITY: SCOTTSDALE STATE: AZ ZIP: 85254 BUSINESS PHONE: 6029053300 MAIL ADDRESS: STREET 1: 6929 GREENWAY PARKWAY STREET 2: SUITE 200 CITY: SCOTTSDALE STATE: AZ ZIP: 85254 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UNITED RENTALS INC /DE CENTRAL INDEX KEY: 0001067701 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 061522496 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D1/A BUSINESS ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2036223131 MAIL ADDRESS: STREET 1: FOUR GREENWICH OFFICE PARK CITY: GREENWICH STATE: CT ZIP: 06830 SC 14D1/A 1 SCHEDULE 14D1 AMENDMENT NO. 3 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14D-1 Amendment No. 3 Tender Offer Statement Pursuant to Section 14(d)(1) of the Securities Exchange Act of 1934 RENTAL SERVICE CORPORATION (Name of Subject Company) UR ACQUISITION CORPORATION UNITED RENTALS, INC. (Bidders) Common Stock, par value $.01 per share (Title of Class of Securities) 76009V 10 2 (CUSIP Number of Class of Securities) United Rentals, Inc. Four Greenwich Office Park Greenwich, CT 06830 Attn.: Bradley S. Jacobs Chairman of the Board and Chief Executive Officer Telephone:(203) 622-3131 Facsimile:(203) 622-6080 (Name, Address and Telephone Number of Person authorized to Receive Notices and Communications on Behalf of Bidders) Copy to: Milton G. Strom, Esq. Skadden, Arps, Slate, Meagher & Flom LLP 919 Third Avenue New York, New York 10022 Telephone: (212) 735-3000 Facsimile: (212) 735-2000 UR Acquisition Corporation, a Delaware corporation (the "Purchaser") and a wholly owned subsidiary of United Rentals, Inc., a Delaware corporation ("Parent"), hereby amend and supplement their Tender Offer Statement on Schedule 14D-1 (the "Schedule 14D-1"), filed with the Securities Exchange Commission (the "Commission") on April 5, 1999, with respect to the Purchaser's offer to purchase all of the shares of common stock, par value $0.01 per share (the "Shares"), of Rental Service Corporation, a Delaware corporation (the "Company"), at a price of $22.75 per Share, net to the seller in cash, (such price, or such higher price per Share as may be paid in the Offer, the "Offer Price") upon the terms and subject to the conditions set forth in the Offer to Purchase and in the related Letter of Transmittal (which, as amended from time to time, together constitute the "Offer"). Item 10. Additional Information. The information set forth in Item 10(f) of the Schedule 14D-1 is hereby amended and supplemented by the following information: On April 13, 1999, Parent issued a press release announcing that Parent has filed a preliminary consent solicitation statement with the Commission. The consent solicitation seeks the consent of the stockholders of the Company to, among other things, the removal of all of the current members of the Company Board and the election of up to nine nominees selected by Parent to the Company Board. Parent has requested the Company Board to set April 26, 1999 as the record date for the consent solicitation. Parent also announced that it has filed preliminary proxy materials with the Commission which would be used to solicit proxies from the Company stockholders in opposition to the Company's existing merger agreement with NationsRent, Inc. The Company has not yet set a meeting or record date in connection with the stockholder vote on the NationsRent transaction. The foregoing is qualified in its entirety by reference to the text of the press release, a copy of which is filed as Exhibit (a)(10) hereto and is incorporated by reference herein. Unless otherwise indicated herein, each capitalized term used but not defined herein shall have the meaning ascribed to such term in the Schedule 14D-1 or in the Offer to Purchase referred to therein. Item 11. Materials to be Filed as Exhibits. (a)(10) Press Release of Parent dated April 13, 1999. SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. UR Acquisition Corporation By: /s/ John N. Milne ----------------------------------- Name: John N. Milne Title: President United Rentals, Inc. By: /s/ Bradley S. Jacobs ----------------------------------- Name: Bradley S. Jacobs Title: Chairman and Chief Executive Officer Date: April 13, 1999 INDEX TO EXHIBITS Exhibit Number Exhibit ------- ------- (a)(10) Press Release of Parent dated April 13, 1999. EX-99 2 EXHIBIT (A)(10) - PRESS RELEASE FOR IMMEDIATE RELEASE UNITED RENTALS FILES PRELIMINARY CONSENT SOLICITATION STATEMENT TO REPLACE RENTAL SERVICE BOARD Also Files Preliminary Proxy Statement For Solicitation To Oppose Rental Service/NationsRent Merger Greenwich, CT, April 13, 1999 -- United Rentals, Inc. (NYSE: URI) today announced that it filed a preliminary consent solicitation statement with the Securities and Exchange Commission to solicit written consents from the stockholders of Rental Service Corp. (NYSE: RSV) to replace the Rental Service board of directors with nominees proposed by United Rentals. The Company also requested that the Rental Service board set Monday, April 26, 1999 as the record date for this solicitation. In addition, the Company filed preliminary proxy materials with the SEC to solicit proxies from Rental Service stockholders to vote against the proposed merger of Rental Service with NationsRent, Inc. (NYSE: NRI). Rental Service announced the proposed merger with NationsRent in January but has not yet set a meeting or record date for a stockholder vote. Bradley Jacobs, chairman and chief executive officer of United Rentals, said, "We believe the Rental Service board should support our cash offer, but we want to be in a position to replace the board if it seeks to deny its stockholders the right to accept our proposal. Our offer of $22.75 per share, on terms announced on April 5th, represents an approximately 32% premium over Rental Service's $17.25 closing price prior to the announcement." United Rentals is the largest equipment rental company in North America and serves over 900,000 customers through its network of 470 locations in 40 states, Canada and Mexico. This press release is neither an offer to purchase nor a solicitation of an offer to sell any shares of Rental Service Corp. Such offer is made solely by the Offer to Purchase dated April 5, 1999 of United Rentals, Inc. and UR Acquisition Corporation and the related Letter of Transmittal. In addition, this press release should not be construed to constitute a solicitation of proxies for any meeting of the stockholders of Rental Service, nor should this press release be construed to constitute a solicitation of any consent. Any such solicitation which United Rentals or any affiliate thereof might make would be made only pursuant to separate proxy or consent materials prepared and filed with the Securities and Exchange Commission in compliance with the requirements of the Securities Exchange Act of 1934. -- more -- Certain Information Concerning Participants United Rentals, Inc. ("United Rentals"), UR Acquisition Corporation ("UR Acquisition") and the following persons named below may be deemed to be "participants" in the solicitation of consents and/or proxies from stockholders of Rental Service Corporation ("Rental Service"): the directors of United Rentals (Bradley S. Jacobs (Chairman of the Board and Chief Executive Officer), Wayland R. Hicks (Vice Chairman and Chief Operating Officer), John N. Milne (Vice Chairman, Chief Acquisition Officer and Secretary), William F. Berry (President), John S. McKinney (Vice President, Finance), Leon D. Black, Richard D. Colburn, Ronald M. DeFeo, Michael S. Gross, Richard J. Heckmann, Gerald Tsai, Jr. and Christian M. Weyer); the following executive officers and employees of United Rentals: Michael J. Nolan (Chief Financial Officer) and Robert P. Miner (Vice President, Strategic Planning); and the nominees of United Rentals (the "Nominees") to stand for election to the Board of Directors of Rental Service (Messrs. Jacobs, Richard N. Daniel, Heckmann, Hicks, Milne, Nolan, Raymond S. Troubh and Tsai, and Ms. Stephanie R. Joseph). As of April 12, 1999, United Rentals is the beneficial owner of 100 shares of common stock, par value $0.01 per share (the "Common Stock"), of Rental Service. Other than set forth herein, as of such date, neither United Rentals, UR Acquisition nor any of the persons listed above, has any interest, direct or indirect, by security holding or otherwise, in Rental Service. United Rentals has retained Goldman, Sachs & Co. ("Goldman Sachs") to act as its financial advisor and the Dealer Managers in connection with the tender offer (the "Offer") by United Rentals and UR Acquisition to purchase the shares of Common Stock of Rental Service for $22.75 per share in cash, for which Goldman Sachs may receive substantial fees, as well as reimbursement of reasonable out-of-pocket expenses. In addition, United Rentals has agreed to indemnify Goldman Sachs and certain related persons against certain liabilities, including certain liabilities under the federal securities laws, arising out of its engagement. United Rentals has also entered into a commitment letter with Goldman Sachs Credit Partners L.P. ("GSCP") relating to the financing of the Offer pursuant to which GSCP may receive substantial fees, as well as reimbursement of reasonable out-of-pocket expenses. Goldman Sachs does not admit that it or any of its partners, directors, officers, employees, affiliates or controlling persons, if any, is a "participant" as defined in Schedule 14A promulgated under the Securities Exchange Act of 1934, as amended, in the solicitation of consents and/or proxies, or that Schedule 14A requires the disclosure of certain information concerning Goldman Sachs. In connection with Goldman Sachs' role as financial advisor to United Rentals, the following investment banking employees of Goldman Sachs may communicate in person, by telephone or otherwise with a limited number of institutions, brokers or other persons who are stockholders of Rental Service and may solicit consents and/or proxies there from: Bruce J. Evans, Robert D. Lipman, Jeffrey M. Moslow and Cody J. Smith. Goldman Sachs engages in a full range of investment banking, securities trading, market-making and brokerage services for institutional and individual clients. In the normal course of its business Goldman Sachs may trade securities of Rental Service for its own account and the accounts of its customers, and accordingly, may at any time hold a long or short position in such securities. Goldman Sachs has informed United Rentals that, as of the close of business on April 12, 1999, Goldman Sachs held no shares of the Common Stock of Rental Service for its own account. Goldman Sachs and certain of its affiliates may have voting and dispositive power with respect to certain shares of Rental Service Common Stock held in asset management, brokerage and other accounts. Goldman Sachs and such affiliates disclaim beneficial ownership of such shares of Rental Service Common Stock. ### Investor contact: Media contact: Robert Miner Fred Bratman or Tracy Williams United Rentals Sard Verbinnen & Co. Phone: 203-622-3131 Phone: 212-687-8080 Fax: 203-622-6080 Fax: 212-687-8344 E-mail: bminer@ur.com E-mail: fbratman@sardverb.com or twilliams@sardverb.com -----END PRIVACY-ENHANCED MESSAGE-----