Algeco/Scotsman Holding S.à r.l., the leading global business services provider of modular space, secure portable storage solutions and remote workforce accommodations, announced today that its subsidiary Williams Scotsman International, Inc. has terminated the Agreement and Plan of Merger dated as of March 16, 2016, among Williams Scotsman, Modular Space Corporation and certain affiliates of ModSpace, in accordance with the terms of the Merger Agreement and as a result of the transactions contemplated thereunder not being completed by the expiration date established by the Merger Agreement. This does not preclude an alternative transaction for a combination between ModSpace and Williams Scotsman being pursued, though no assurance can be given that any such transaction will occur.
Algeco Scotsman has previously announced that its subsidiary Algeco Scotsman Global S.à r.l. will hold its second quarter 2016 financial results conference call on Tuesday, August 16, 2016 at 10:00 a.m., Eastern Time.
About Algeco Scotsman Algeco Scotsman is the leading global business services provider focused on modular space, secure portable storage solutions, and remote workforce accommodation management. Algeco Scotsman has operations in 25 countries with a modular fleet of approximately 275,000 units. For more information visit www.algecoscotsman.com
