United Rentals to acquire H&E Equipment Services in deal valued at $4.8 billion (updated)

United Rentals

14/01/2025 11:47

(Adds details and shares)
       Jan 14 (Reuters) - United Rentals  URI.N  said on
Tuesday it would acquire smaller rival H&E Equipment Services
 HEES.O  in a deal valued at $4.8 billion, as the company looks
to tap into demand for equipment rentals.
    Shareholders of H&E will receive $92 per share in cash,
United said, representing a 109.4% premium to the stock's last
close on Monday.
    Shares of H&E Equipment were up nearly 104% in premarket
trading, United rose 2%.
      
    
    

 (Reporting by Abhinav Parmar in Bengaluru; Editing by Krishna
Chandra Eluri)
 ((Abhinav.Parmar@thomsonreuters.com;))