BUZZ-H&E Equipment jumps after receiving takeover bid from Herc
ReutersFeb 18, 2025 1:23 PM
Shares of rental equipment co H&E Equipment Services HEES.O up 14% at $99.50 premarket
Co receives an about $3.83 bln buyout proposal from Herc Holdings HRI.N
Herc offers $104.59 per share in cash and stock; offer represents about 20% premium on H&E's last close on Friday
Last month, rival United Rentals URI.N said it will acquire H&E for $92 per share in cash
URI says it does not intend to submit a revised takeover bid in light of the new offer
HEES stock fall 6.4% in 2024
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