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H&E Equipment Services Deems Herc's $104.89 Per Share Cash and Stock Proposal Superior To United Rentals Transaction

Author: Benzinga Newsdesk | February 18, 2025 08:04am

H&E's Board of Directors has determined that Herc's cash and stock merger is superior to the $92.00 per share cash sale to United Rentals, and H&E has notified United Rentals that it intends to terminate its merger agreement and enter into a merger agreement with Herc.

United Rentals notified H&E in writing that it does not intend to submit a revised proposal and has waived its four business day match period under the United Rentals merger agreement.

Posted In: HEES HRI URI


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