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Article: Hyde Park Acquisition Corp. Announces Strong 2008 Third Quarter Preliminary Results for Essex Crane Rental Corp and Increases Full Year Rental EBITDA Guidance.
- Article from:
- Business Wire
- Article date:
- October 22, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Board of Directors Approves Post-Closing Common Stock and / or Warrant Repurchase Program of $12 Million
Highlights
* Rental EBITDA for the third quarter of 2008 is expected to increase by 40.9% to $12.0 million, excluding a one time charge of approximately $350,000 associated with the sale of the business to Hyde Park, from $8.5 million in the third quarter of 2007.
* 2008 Rental EBITDA forecasted to be $41.1 million, an increase of 12.6% from Essex's initial 2008 Rental EBITDA guidance of $36.5 million
NEW YORK -- Hyde Park Acquisition Corp. (OTCBB: HYDQ; HYDQW; HYDQU) ("Hyde Park") today announced preliminary, unaudited Rental ...