M&A
Merger between H&E Equipment Services $HEES and Herc $HRI completed
- The tender offer expired on Friday
- Shareholders of HEES received $78.75 cash per share plus 0.1287 shares of HRI for every 1 share of HEES owned
- The combined entity to begins trading this morning
More Information :
https://www.sec.gov/Archives/edgar/data/1339605/000119312525131555/d843069dsctota.htm
$HEES Equity Corporate Actions Alert # 2025 - 279
Information Regarding the Tender Offer H&E Equipment Services, Inc. (HEES)
https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2025-279
• Tender offer expired one minute after 11:59pm ET last night
• Merger consideration is $78.75 plus 0.1287 of Herc common stock per share of HEES
• Closing expected Monday Jun 2, HEES expecetd to be suspended Jun 3
• Trading in HEES expected to halt at 7:50pm ET tonight
$HRI $HEES
I got something similar with some transactional business I do with H&E.
As H&E has communicated, Herc Rentals and H&E Equipment have entered into a merger agreement under which Herc will acquire H&E. The acquisition is expected to close the first week of June.
June payments have been paid by H&E, and Herc will begin paying monthly payment for July and going forward.
@Mergerbrief $HEES $HRI it’s my understanding the deal will close on Tuesday. It sounds like a good opportunity for both companies to continue to expand.
