Emeco, Orionstone and Andy's Earthmovers agree to merge

Emeco, Orionstone and Andy's Earthmovers have agreed to merge after winning support from a dissenting bondholder, Black Diamond Capital Management. The combined company would be one of the five largest equipment rental companies in Australia.

“Notwithstanding the outcome of yesterday’s creditors’ scheme meeting, it is very positive that all stakeholders, recognizing the strategic rationale, industrial logic and value creation opportunity of the transaction, have continued to work collaboratively and constructively.”rermag.com

• 1 source
• rermag.comThree Major Australian Earthmoving Rental Companies Create Mega-Merger with Emeco | Rental Equipment RegisterMichael RothDec 16, 2016

Summarized from public sources; check the original articles before acting on it.