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Case Status:    ONGOING    
On or around 04/21/2020 (Date of last review)

Filing Date: April 21, 2020

According to the Complaint, Mobile Mini is a leading provider of portable storage solutions through its total rental fleet of approximately 200,200 storage solutions containers and office units, and a leading provider of tank and pump solutions in the United States, with a rental fleet of approximately 12,700 units.

This action stems from a proposed transaction announced on March 2, 2020, pursuant to which Mobile Mini, Inc. will be acquired by WillScot Corporation.

On March 1, 2020, Mobile Mini’s Board of Directors caused the Company to enter into an agreement and plan of merger with WillScot. Pursuant to the terms of the Merger Agreement, Mobile Mini’s stockholders will receive 2.4050 shares of Parent common stock for each share of Mobile Mini common stock they own. Upon the closing of the Proposed Transaction, shareholders of Parent will own approximately 54% of the combined company and shareholders of Mobile Mini will own approximately 46% of the combined company.

On April 17, 2020, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading. Specifically, the Complaint alleges the Registration Statement omits material information regarding the Company’s, WillScot’s, and the combined company’s financial projections; the Registration Statement fails to disclose, for each set of projections: (i) all line items used to calculate (a) Adjusted EBITDA, (b) Adjusted EBIT, and (c) Unlevered Free Cash Flow; and (ii) a reconciliation of all non-GAAP to GAAP metrics.

COMPANY INFORMATION:

Sector: Services
Industry: Rental & Leasing
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MINI
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 20-CV-00528
JUDGE: Hon. Leonard P. Stark
DATE FILED: 04/21/2020
CLASS PERIOD START: 03/02/2020
CLASS PERIOD END: 04/21/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available