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Herc’s $5.3bn power play snags H&E from United Rentals
18 February 2025
United had a four-day option to submit a revised proposal but chose not to, citing “financial discipline” .
Herc made its bid using the “go-shop” provision included in H&E’s previously announced agreement with United Rentals. Its offer represents a 14.0% premium to United Rentals’ $92.00 per share offer.