United Rentals, Herc

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.
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
Herc Holdings Outbids United Rentals to Acquire H&E; United Agrees to Withdraw From Acquisition Deal
The offer, valued at $5.3 billion, including $1.5 billion in debt, was larger in total value than United’s previous bid for $4.8 billion.
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 confirms acquisition of H&E Equipment, United Rentals to no longer pursue the deal
Equipment rental supplier Herc Holdings (HRI) announced on Tuesday a binding agreement to acquire H&E Equipment Services (HEES) for a deemed $104.89 per share consideration. United Rentals (URI) does not intend to submit a revised proposal.
Herc Swoops in to Outbid United Rentals in Mega Deal to Acquire H&E
H&E Rentals has accepted a higher acquisition bid from Herc Rentals, terminating a previous agreement H&E had with United Rentals. Details here.
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 Rentals Outbids United in $3.9B Merger with H&E
Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.
H&E Ends United Rentals Agreement to Accept Herc Offer
H&E Equipment Services has ended its previous agreement with United Rentals Inc. to accept a higher offer from Herc Holdings Inc., a statement from Herc confirmed Tuesday. Most Read from BloombergWhy
United Rentals Terminates Merger with H&E Equipment After Herc Submits Higher Bid -- Update
Under the merger agreement, H&E is required to pay a termination fee of about $63.5 million to United Rentals if H&E terminates its deal with Herc. Herc has agreed to pay the termination fee to United Rentals on behalf of H&E if the new deal dies.
Herc Holdings Confirms Superior Proposal to Acquire H&E Equipment Services
Herc Holdings Inc. (NYSE: HRI) ("Herc" or "the Company"), one of North America’s leading equipment rental suppliers, today ...
H&E Equipment deems Herc Holdings proposal ‘superior’ to United Rentals
Herc Holdings (HRI) confirmed that it has executed a binding acquisition proposal and merger agreement to the board of directors of H&E ...