Consumer

H&E Ends United Rentals Agreement to Accept Herc Offer

Signage at a United Rentals location in Elizabethtown, Kentucky.Photographer: Luke Sharrett/Bloomberg

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By John Lauerman and Maggie Eastland

February 18, 2025 at 12:36 PM UTC

Updated on

February 19, 2025 at 1:41 AM UTC

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H&E Equipment Services has ended its previous agreement with United Rentals Inc. to accept a higher offer from Herc Holdings Inc., a statement from Herc confirmed Tuesday.

Herc’s proposal for a cash-and-stock deal valued at $104.89 a share represents a 14% premium to the earlier agreement with United Rentals, according to the statement. United Rentals had planned to buy H&E for $92 a share in cash.