Herc Acquires H&E for $5.3 Billion Amid United Rentals Withdrawal
US machinery rental firm Herc Holdings has surprised the industry by outbidding rival United Rentals to acquire smaller rival H&E Equipment Services for $5.3 billion, excluding debt. The deal, which would combine the world’s third- and fifth-largest equipment rental firms, comes after a 35-day “go-shop” period during which United Rentals had expressed interest in acquiring … Read more