Fly News Breaks for September 26, 2019
Sep 26, 2019 | 08:54 EDT
Deutsche Bank analyst Ashish Sabadra believes WillScot (WSC) acquiring Mobile Mini (MINI), as reported last night by Reuters, will be perceived positively given the revenue and cost synergies. The potential deal will significantly improve WillScot's scale in portable storage and offer opportunity to cross-sell, Sabadra tells investors in a research note. Further, the deal would also further diversify the company's the revenue stream and the end market, adds the analyst. Sabadra believes the combined company should trade at a valuation premium compared to WillScot and keeps a Buy rating on the latter's shares.
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