UTStarcom to sell division for about $240 million
ALAMEDA, Calif. Telecommunications equipment maker UTStarcom Inc. said Tuesday it will sell its personal communications division to AIG Vantage Capital, part of AIG Investments, for about $240 million.
US rental giants United Rentals and RSC Holdings have agreed a merger deal under which United will acquire RSC in a cash-and-stock transaction valued at $18 per share, or a total enterprise value of US$4.2 billion, including $2.3 billion of net debt.