H&E Equipment Stock Doubles on Acquisition by United Rentals for $4.8B

1. HEES shares doubled after United Rentals agreed to acquire for $4.8 billion. 2. Acquisition price is $92 per HEES share, boosting market prices significantly. 3. United Rentals' fleet will expand with 64,000 additional units post-acquisition. 4. The deal expects $130 million in annual cost synergies within two years. 5. H&E generated $696 million EBITDA on $1.52 billion revenue last year.