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RSC Equipment Rental prices below the range

May 23, 2007

RSC Equipment Rental, one of the largest equipment rental providers in North America, priced its 20.8 million shares at $22 per share, 8% below the midpoint of the anticipated $23-$25 range, on Tuesday evening. Deutsche Bank, Morgan Stanley, and Lehman Brothers were the bookrunners on the deal. The stock is expected to begin trading on the NYSE under the ticker "RRR" on Wednesday.