e425
Filed by United Rentals
pursuant to Rule 425 under the
Securities Act of 1933, as amended.
Subject of the offer: RSC Holdings
(Commission File No.: 001-33485)
[Name]
[Address]
[Address]
Dear [Name],
We are pleased to confirm that on December 16, United Rentals reached an agreement to acquire RSC
Holdings, the second largest equipment rental provider in North America. RSC is known for its
operational excellence and, like United Rentals, it has a strong culture of customer service.
We are extremely excited to combine these two companies to create a best-in-class United Rentals
that will bring new opportunities to our employees, customers, business partners, stockholders and
the communities we serve. Id like to share some of the details with you.
This merger is about strategic growth and investment in creating long-term opportunities for the
business. The new United Rentals will have an even greater presence across North America, with
nearly 1,000 branches in the U.S. and Canada and the largest, most versatile fleet in the equipment
rental industry. We will have access to a wealth of complementary strengths, talent and best
practices. The transaction comes at a time when demand for our services is growing, and it meets
all of the criteria we set for financial and operational benefit to the business.
We will retain the United Rental name when we close the transaction, which we expect will be in the
first half of 2012. I will remain as chief executive, and our headquarters will stay in Greenwich,
Connecticut. We do not foresee any immediate changes to our operations, but we anticipate
substantial enhancements once the integration is underway.
We appreciate the support you have shown United Rentals in the past, and look forward to our
continued relationship, which we see as vital to our success. We hope to speak to you personally
about our plans in the days ahead. In the meantime, should you have any questions, please do not
hesitate to contact Fred Bratman, Senior Vice President of Corporate Communications and Investor
Relations, at 203-618-7318, fbratman@ur.com.
Sincerely,
Michael Kneeland
Chief Executive Officer
Encl: Press release
Cautionary Statement Regarding Forward-Looking Statements
This document contains forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended, and in the Private Securities Litigation Reform Act of
1995, known as the PSLRA. These statements, as they relate to United Rentals or RSC Holdings, the
management of either such company or the transaction, involve risks and uncertainties that may
cause results to differ materially from those set forth in the statements. These statements are
based on current plans, estimates and projections, and, therefore, you should not place undue
reliance on them. No forward-looking statement can be guaranteed, and actual results may differ
materially from those projected. United Rentals and RSC Holdings undertake no obligation to
publicly update any forward-looking statement, whether as a result of new information, future
events or otherwise. Forward-looking statements are not historical facts, but rather are based on
current expectations, estimates, assumptions and projections about the business and future
financial results of the equipment rental industries, and other legal, regulatory and economic
developments. We use words such as anticipates, believes, plans, expects, projects,
future, intends, may, will, should, could, estimates, predicts, potential,
continue, guidance and similar expressions to identify these forward-looking statements that
are intended to be covered by the safe harbor provisions of the PSLRA. Actual results could differ
materially from the results contemplated by these forward-looking statements due to a number of
factors, including, but not limited to, those described in the documents United Rentals and RSC
Holdings have filed with the U.S. Securities and Exchange Commission as well as the possibility
that (1) United Rentals and RSC Holdings may be unable to obtain stockholder or regulatory
approvals required for the proposed transaction or may be required to accept conditions that could
reduce the anticipated benefits of the merger as a condition to obtaining regulatory approvals; (2)
the length of time necessary to consummate the proposed transaction may be longer than anticipated;
(3) problems may arise in successfully integrating the businesses of United Rentals and RSC
Holdings; (4) the proposed transaction may involve unexpected costs; (5) the businesses may suffer
as a result of uncertainty surrounding the proposed transaction; and (6) the industry may be
subject to future risks that are described in the Risk Factors section of the Annual Reports on
Form 10-K, Quarterly Reports on Form 10-Q and other documents filed from time to time with the
Securities and Exchange Commission by United Rentals and RSC Holdings. United Rentals and RSC
Holdings give no assurance that it will achieve its expectations and does not assume any
responsibility for the accuracy and completeness of the forward-looking statements.
The foregoing list of factors is not exhaustive. You should carefully consider the foregoing
factors and the other risks and uncertainties that affect the businesses of United Rentals and RSC
Holdings described in the Risk Factors section of their respective Annual Reports on Form 10-K,
Quarterly Reports on Form 10-Q and other documents filed from time to time with the Securities and
Exchange Commission. All forward-looking statements included in this document are based upon
information available to United Rentals and RSC Holdings on the date hereof; and United Rentals and
RSC Holdings assumes no obligations to update or revise any such forward-looking statements.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
This document relates to a proposed transaction between United Rentals and RSC Holdings, which
will become the subject of a registration statement and joint proxy statement/prospectus forming a
part thereof to be filed with the SEC by United Rentals. This document is not a substitute for the
registration statement and joint proxy statement/prospectus that United Rentals will file with the
SEC or any other documents that they may file with the SEC or send to shareholders in connection
with the proposed transaction. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS
ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT/PROSPECTUS AND ALL OTHER
RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED
TRANSACTION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION.
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You will be able to obtain a free copy of the joint proxy statement/prospectus, as well as other
filings containing information about United Rentals and RSC Holdings, at the SECs Internet site
(http://www.sec.gov). You will also be able to obtain these documents, free of charge, in the
Investor Relations portion of the United Rentals website at http:// http://www.ur.com/investor
under the heading Investors and then under SEC Filings. Copies of the joint proxy
statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy
statement/prospectus can also be obtained, free of charge, by directing a request to Investor
Relations at 203-618-7318.
Participants in Solicitation
United Rentals, RSC Holdings and their respective directors and executive officers and certain
members of management and employees may be deemed to be participants in the solicitation of proxies
from the stockholders of United Rentals and RSC Holdings in connection with the proposed
transaction. Information about the directors and executive officers of United Rentals and their
ownership of United Rentals common stock is set forth in the proxy statement for the United Rentals
2011 annual meeting of stockholders, as filed with the SEC on Schedule 14A on March 31, 2011.
Information about the directors and executive officers of RSC Holdings and their ownership of RSC
Holdings common stock is set forth in the proxy statement for the RSC Holdings 2011 annual meeting
of stockholders, as filed with the SEC on Schedule 14A on March 16, 2011. Additional information
regarding the interests of those persons and other persons who may be deemed participants in the
proposed transaction may be obtained by reading the joint proxy statement/prospectus regarding the
proposed transaction when it becomes available. You may obtain free copies of this document as
described in the preceding paragraph.
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