United Rentals to Acquire H&E Equipment Services, Inc.
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United Rentals, Inc. (NYSE: URI) has announced a definitive agreement to acquire H&E Equipment Services, Inc. (NASDAQ: HEES) for $92 per share in cash, with a total enterprise value of approximately $4.8 billion, including $1.4 billion of net debt.
January 14, 2025 | 11:45 am
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POSITIVE IMPACT
H&E Equipment Services will be acquired by United Rentals for $92 per share, valuing the company at $4.8 billion including debt.
H&E Equipment Services' acquisition by United Rentals at $92 per share represents a premium for shareholders and a strategic exit, likely leading to a positive short-term impact on HEES stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
United Rentals is set to acquire H&E Equipment Services for $92 per share, enhancing its market position with a deal valued at $4.8 billion.
The acquisition of H&E Equipment Services by United Rentals is a significant strategic move, likely to enhance United Rentals' market position and operational capabilities. The deal is valued at $4.8 billion, indicating a substantial investment and commitment to growth.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90