Mobile Mini Announces Quarterly Dividend
June 10 2020 - 6:48PM
Business Wire
Mobile Mini, Inc. (NASDAQ GS: MINI) (the “Company” or “Mobile
Mini”), the world’s leading supplier of portable storage solutions
and a leading provider of tank and pump solutions in the United
States, today announced that the Company’s Board of Directors
declared a cash dividend of 30.3 cents per share, which will be
paid on June 30, 2020 to shareholders of record as of June 20,
2020.
As previously disclosed, on March 1, 2020, the Company, WillScot
Corporation and Picasso Merger Sub, Inc. entered into an Agreement
and Plan of Merger (as amended from time to time, the “Merger
Agreement”) pursuant to which, subject to the satisfaction or
waiver of certain customary closing conditions, Merger Sub will be
merged with and into Mobile Mini, with Mobile Mini surviving as a
wholly-owned subsidiary of WillScot (the “Merger” or the “Proposed
Transaction”). The Merger is expected to close early in the third
quarter of 2020, subject to customary closing conditions, including
receipt of stockholder approvals from the Company’s and WillScot’s
stockholders. The declaration and payment of the cash dividend is
permitted under the Merger Agreement and is not contingent on the
closing of the Merger.
About Mobile Mini, Inc.
Mobile Mini, Inc. is the world’s leading provider of portable
storage solutions through its total rental fleet of approximately
200,500 storage solutions containers and office units and a leading
provider of tank and pump solutions in the U.S., with a rental
fleet of approximately 12,800 units. Mobile Mini’s network is
comprised of 155 locations in the U.S., U.K., and Canada. Mobile
Mini is included on the Russell 2000® and 3000® Indexes and the
S&P Small Cap Index. Additional information about Mobile Mini
can be found on the Investor Relations section of Mobile Mini’s
website at www.mobilemini.com.
Important Information About the Proposed Transaction
In connection with the Proposed Transaction, WillScot filed a
registration statement on Form S-4 (No. 333-237746), which includes
the Joint Proxy Statement/Prospectus. The registration statement
was declared effective by the SEC on May 5, 2020, and Mobile Mini
and WillScot commenced mailing the Joint Proxy Statement/Prospectus
on or about May 8, 2020. Each party will file other documents
regarding the Proposed Transaction with the SEC. No offering of
securities shall be made, except by means of a prospectus meeting
the requirements of Section 10 of the U.S. Securities Act of 1933,
as amended. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE
JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED
WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY, IF AND WHEN THEY
BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
THAT STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION
REGARDING THE PROPOSED TRANSACTION. Investors and security holders
are able to obtain these documents (if and when available) free of
charge from the SEC’s website at www.sec.gov. The documents filed
by WillScot with the SEC may also be obtained free of charge from
WillScot by requesting them by mail at WillScot Corporation, 901 S.
Bond Street, Suite 600, Baltimore, Maryland 21231. The documents
filed by Mobile Mini may also be obtained free of charge from
Mobile Mini by requesting them by mail at Mobile Mini, Inc., 4646
E. Van Buren Street, Suite 400, Phoenix, Arizona 85008.
Participants in the Solicitation
WillScot, Mobile Mini, their respective directors and executive
officers and other members of management and employees and certain
of their respective significant stockholders may be deemed to be
participants in the solicitation of proxies in respect of the
Proposed Transaction. Information about WillScot’s directors and
executive officers is available in WillScot’s proxy statement,
dated March 20, 2020, as supplemented by the supplement dated April
13, 2020, for the 2020 Annual Meeting and WillScot’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2019, which was
filed with the SEC on March 2, 2020. Information about Mobile
Mini’s directors and executive officers is available in Mobile
Mini’s proxy statement, dated March 16, 2020 as supplemented by the
supplement dated April 10, 2020, for its 2020 Annual Meeting of
Stockholders and Mobile Mini’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2019, which was filed with the SEC
on February 3, 2020. Information regarding the persons who may,
under the rules of the SEC, be deemed participants in the proxy
solicitation and a description of their direct and indirect
interests, by security holding or otherwise, is contained in the
Joint Proxy Statement/Prospectus and other relevant materials filed
with the SEC regarding the Proposed Transaction. Investors should
read the Joint Proxy Statement/Prospectus carefully before making
any voting or investment decisions. You may obtain free copies of
these documents from the SEC, WillScot or Mobile Mini as indicated
above.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended.
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version on businesswire.com: https://www.businesswire.com/news/home/20200610005899/en/
Van Welch, Executive VP & Chief Financial Officer Mobile
Mini, Inc. (602) 308-3879
Emily Tadano, Director of Treasury & Investor Relations
(602) 845-4005
www.mobilemini.com
-OR-
INVESTOR RELATIONS COUNSEL: The Equity Group Inc. Fred
Buonocore (212) 836-9607 Mike Gaudreau (212) 836-9620
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