Herc to buy H&E Rentals for $5.3 billion cash, stock, ending H&E combo with United Rentals
Herc's $104.89 per share cash, stock offer considered 'superior' by Nasdaq traded H&E, which will end its merger deal with United Rentals.
Herc gatecrashes United Rentals’ H&E takeover with $5.3bn bid
Herc’s cash-and-stock bid values H&E at nearly $500mn more than United’s all-cash offer, which the takeover target’s board approved last month. As part of the original United deal, H&E was given a 35-day “go-shop” period in which it could solicit interest from rival bidders, allowing Herc the opportunity to swoop.
Herc to buy H&E for $3.83 billion after rival United Rentals exits deal
Machinery rentals firm Herc Holdings has signed a deal to buy H&E Equipment Services for $3.83 billion, excluding debt, after H&E terminated its merger agreement with United Rentals, the companies said on Wednesday.
Herc Outbids United Rental to Acquire H&E Rentals
Herc Holdings (HRI) announced a binding acquisition proposal and merger agreement with H&E Rentals (HEE) that will see it acquire the
United Rentals Terminates Merger with H&E Equipment After Herc Submits Higher Bid -- Update
United Rentals terminated its $3.37 billion deal to buy H&E Equipment Services, leaving the company to a higher bidder. Herc Holdings said Tuesday that it will acquire rental business H&E Equipment Services in a cash and stock deal,
Herc's surprise bid for H&E makes rival United Rentals walk away
U.S. machinery rental firm Herc Holdings is poised to acquire smaller rival H&E Equipment Services for $3.83 billion excluding debt, after outbidding leader United Rentals, according to company statements on Tuesday.
H&E Receives Superior Acquisition Offer From Herc; United Rentals Drops $4.8 Billion Deal
H&E Equipment Services (HEES) received a superior acquisition offer from Herc Holdings (HRI), giving it the option to terminate its proposed acquisition deal with United Rentals (URI), which does not plan to submit a revised bid,
Herc confirms acquisition of H&E Equipment, United Rentals to no longer pursue the deal
Equipment rental supplier Herc Holdings (NYSE:HRI) announced on Tuesday a binding agreement to acquire H&E Equipment Services (HEES) for a deemed $104.89 per share consideration. H&E shareholders are set to receive $78.
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