Acquisitions, New Facility Launch, Branch Expansions, New Repurchase Programs, and Licensee Agreements - Research Report on AerCap, Hertz, United Rentals, Ryder, and Avis
NEW YORK, December 19, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting AerCap Holdings N.V. (NYSE: AER), Hertz Global Holdings, Inc. (NYSE: HTZ), United Rentals, Inc. (NYSE: URI), Ryder System, Inc. (NYSE: R), and Avis Budget Group, Inc. (NASDAQ: CAR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
AerCap Holdings N.V. Research Report
On December 16, 2013, AerCap Holdings N.V. (AerCap) announced that it has entered into a definitive agreement with American International Group Inc. (AIG) to acquire 100% of the common stock of International Lease Finance Corporation, a wholly-owned subsidiary of AIG. The Company informed that under the terms of agreement, AIG will receive $3 billion in cash and 97,560,976 AerCap shares. AerCap's CEO, Aengus Kelly, commented, "AerCap's acquisition of ILFC will create the leading global franchise in the aircraft leasing industry. This transaction presents a unique strategic opportunity to bring together the outstanding and experienced personnel from both companies and two attractive portfolios of modern aircraft on lease to a highly diversified customer base. Further, we believe AerCap will now have the most attractive order book in the industry. With these combined resources, along with a strong liquidity profile, we will drive high levels of stable long term profitability and cash flows for the benefit of all our stakeholders." The transaction is expected to close in Q2 2014. The Full Research Report on AerCap Holdings N.V. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=DDD
http://www.analystscorner.com/r/full_research_report/2ec2_AER
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Hertz Global Holdings, Inc. Research Report
On December 9, 2013, The Hertz Corporation (The Hertz), a part of Hertz Global Holdings, Inc., announced that its wholly owned subsidiary, Hertz Equipment Rental Corporation (Hertz Equipment), has launched a new Hertz Energy Services location in Bordeaux, France. According to The Hertz, the new facility provides large scale power solutions to provide cost-efficient, reliable electricity to the industrial, construction, commercial, film production, shipping, special events and utilities sectors. Lois Boyd, Group President of Hertz Equipment, said, "With its continued commitment to industrial growth, France is an important market for Hertz Equipment Rental and its Hertz Energy Services business. Bordeaux and the surrounding region is undergoing exciting developments in industry, construction, events and shipping. We are experiencing strong demand from these sectors for our large-scale power solutions, which feature state-of-the art power generation and associated equipment supported by our specialist industry consultancy and maintenance services." The Full Research Report on Hertz Global Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=
http://www.analystscorner.com/r/full_research_report/d861_HTZ
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United Rentals, Inc. Research Report
On December 12, 2013, United Rentals, Inc. (United Rentals) announced expansion of its specialty branch network with the addition of two locations dedicated to tool management services. The Company stated that the two newly opened branches in Plano, Texas, and Cambridge, Ontario will serve the Dallas and Toronto metropolitan areas, respectively. Patrick Lowry, Vice President, Tools and Industrial Solutions, said, "The availability of the proper tools in safe working order is one of the most important components of jobsite productivity. We now have 14 dedicated locations supporting the United Rentals branch network in offering tool management as part of our total jobsite solutions for customers." The Full Research Report on United Rentals, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=
http://www.analystscorner.com/r/full_research_report/2871_URI
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Ryder System, Inc. Research Report
On December 16, 2013, Ryder System, Inc. (Ryder) announced that its Board of Directors has authorized a new share repurchase program to mitigate the dilutive impact of shares issued under the Company's various employee stock, stock option and employee stock purchase plans. Robert Sanchez, Ryder's Chairman and CEO, said, "At the beginning of 2013, we temporarily ceased repurchasing shares under our anti-dilutive repurchase program to manage our leverage and allow us to maintain near-term balance sheet flexibility. Based on our current and expected leverage, we believe it is appropriate to resume repurchasing shares to address the dilution impact of shares issued under employee compensation plans." The Company further informed that it expects to begin purchasing shares under the program in early 2014. The Full Research Report on Ryder System, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/4e10_R
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Avis Budget Group, Inc. Research Report
On December 9, 2013, Avis Budget Group Inc.'s subsidiary, Avis Car Rental (Avis Car), announced that it has selected a licensee to launch car rental operations in Laos and Cambodia. According to the Company, the new Avis facilities will serve local and international customers with a "one-stop" mobility solution, offering world-class products and services, including a wide range of well-maintained, late-model vehicles, short- and long-term rentals, personal and corporate car leasing programs, premium chauffeur and transfer services and outstanding customer service. "Strengthening our global position remains a high priority as we seek to drive sustained, profitable growth," said Patric Siniscalchi, President, Latin America/Asia-Pacific, Avis Budget Group. "Our licensee agreement with RMA Group will allow us to expand our global footprint and help to ensure that we are well-positioned to realize the growth potential of the Avis brand in each country." The Full Research Report on Avis Budget Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=
http://www.analystscorner.com/r/full_research_report/2e8d_CAR
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