United Rentals To No Longer Pursue Acquisition Of H&E Equipment Services; Plans To Immediately Restart Its Share Repurchase Program

Author: Benzinga Newsdesk | February 18, 2025 08:19am

Under the merger agreement, H&E is required to pay a termination fee of approximately $63.5 million to United Rentals if H&E terminates the merger agreement to enter into an agreement for such acquisition proposal.

As of February 18, 2025, approximately $250 million of authorization remains on the company's existing $1.5 billion share repurchase program.

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