Business news for Mon, 24 Dec 2007 & with words fee+management. 5 news.

Cerberus Capital Management L.P. agreed Monday to pay United Rentals Inc. a $100 million breakup fee for dropping its $4 billion purchase of the equipment-rental company.

United Rentals said on Monday that it will not appeal a Delaware judge’s ruling Friday that Cerberus Capital Management cannot be forced to complete its $4 billion buyout of the rental equipment operator. United Rentals said that it will terminate the deal and ask the private equity firm to pay the $100 million breakup fee stipulated [...]

NEW YORK (Reuters) - Equipment rental group United Rentals Inc said on Monday it terminated its $4 billion takeover by Cerberus Capital Management and asked Cerberus to pay it a $100 million termination fee.

Reuters - Equipment rental group United Rentals Inc said on Monday it terminated its $4 billion takeover by Cerberus Capital Management and asked Cerberus to pay it a $100 million termination fee.

NEW YORK (MarketWatch) - United Rentals Inc. said it's terminating a merger agreement with Cerberus Capital Management's acquisition vehicles RAM Holdings Inc. and RAM Acquisition Corp. The equipment rental company said it's also requesting Cerberus to pay it $100 million in termination fee as part of the original merger agreement.