What Happened?

Shares of temporary space provider WillScot (NASDAQ: WSC) jumped 7.2% in the morning session after Semafor reported the company (WSC) is fielding takeover talks from private equity firms. According to the sources, a formal takeover process has likely not started.

The shares closed the day at $38.63, up 5.4% from previous close.

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What The Market Is Telling Us

WillScot Mobile Mini’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

WillScot Mobile Mini is up 15.7% since the beginning of the year, but at $38.57 per share, it is still trading 25.2% below its 52-week high of $51.56 from February 2024. Investors who bought $1,000 worth of WillScot Mobile Mini’s shares 5 years ago would now be looking at an investment worth $2,056.

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