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United Rentals, Inc. Will No Longer Pursue the Acquisition of H&E Equipment Services, Inc.

1. United Rentals withdraws acquisition proposal for H&E Equipment Services, enabling termination of merger agreement.

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-3.99%Current Return
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+0.57%S&P 500
$741.2602/18 07:55 AM EDTEvent Start
$711.7202/19 02:54 PM EDTLatest Updated
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FAQ

Why Bearish?

URI's withdrawal may indicate strategic retreat, affecting investor confidence. This mirrors past market reactions to failed acquisitions causing price declines.

How important is it?

The decision directly impacts URI's growth strategy and market perception, influencing overall company value.

Why Short Term?

Immediate investor sentiment likely shifts negatively, but fundamentals remain intact. Historical examples show rebounds post-strategy adjustments.

Related Companies

HEE
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) today announced that it has notified H&E Equipment Services, Inc. (“H&E”) that it does not intend to submit a revised proposal for the acquisition of H&E, which will permit H&E to terminate United Rentals' previously announced merger agreement with H&E. Matthew Flannery, chief executive officer of United Rentals, said, “One of our key responsibilities as a management team i.

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