Weq: WesternOne to wind up operations; sells rental, heat business to United Rentals

WesternOne Inc. has entered into a definitive agreement with United Rentals of Canada, Inc. pursuant to which United Rentals has agreed to acquire WesternOne's equipment rentals and heat business and substantially all of the related assets for a base cash purchase price of Cdn$120 million on a cash free, debt free basis. The actual purchase price and transaction value are subject to working capital and other adjustments in accordance with the Agreement.