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Herc Holdings outbids United Rentals for H&E Equipment Services, offering $104.89 per share.
Herc Holdings Inc. has proposed to acquire H&E Equipment Services Inc. for $104.89 per share, beating United Rentals' offer of $92.00 per share.
Under the proposal, H&E shareholders will receive $78.75 in cash and 0.1287 shares of Herc stock per share.
United Rentals has decided not to revise its offer.
The deal could generate $300 million in EBITDA synergies within three years and is expected to close in mid-2025.
2 months ago
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