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Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services

1. Herc Holdings extends tender offer for H&E Equipment at $78.75 per share. 2. The offer includes cash and Herc stock for H&E shareholders.

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FAQ

Why Very Bullish?

Such acquisition offers often lead to immediate share price increases, as seen during similar past transactions, indicating strong market confidence in HEES.

How important is it?

The ongoing acquisition will likely lead to increased trading volume and interest in HEES stock.

Why Short Term?

The tender offer is expected to have immediate influence as shareholders may respond swiftly to cash offers.

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HRI
BONITA SPRINGS, Fla.--(BUSINESS WIRE)--Herc Holdings Inc. (NYSE: HRI) (“Herc” or “the Company”) announced today that it has extended its previously announced tender offer (the “Offer”) to acquire all of the outstanding shares of H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”) common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 1.

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