BUZZ-H&E doubles after $4.8 bln acquisition deal from United Rentals
ReutersJan 14, 2025 11:54 AM
** Equipment rental co H&E Equipment Services' shares HEES.O rise 102.6% to $89.01 premarket
** Peer United Rentals URI.N says it will acquire HEES in deal valued at $4.8 bln as co looks to cash in on equipment rental demand
** Shareholders of H&E will receive $92/shr in cash, United Rentals says, representing a 109.4% premium to stock's last close on Monday
** URI's shares rise 3% to $710.03 premarket
** In 2024, HEES stock fell 6.4% and URI rose 22.9%
(Reporting by Aatreyee Dasgupta)
((Aatreyee.Dasgupta@thomsonreuters.com))
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