Herc Holdings to Acquire H&E Equipment Services

Herc Holdings Inc. has confirmed a binding acquisition proposal and merger agreement to acquire H&E Equipment Services, Inc. The deal values H&E shares at $104.89 each, representing a 14.0% premium to United Rentals' previous offer.

“Herc Holdings Inc. (NYSE: HRI) has confirmed its execution of a binding acquisition proposal and merger agreement to the board of directors of H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ: HEES). Under the terms of the proposal, H&E shareholders would receive $78.75 in cash and 0.1287 shares of Herc common stock for each share they own, with a total value of $104.89 per share based on Herc's 10-day VWAP as of market close on February 14, 2025. This represents a 14.0% premium to United Rentals' $92.00 per share cash-capped consideration.”

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