Hedge fund manager Hercules Capital has made an unexpected move in the bid process for United Rentals’ H&E Equipment Holdings, proposing a staggering $5.3 billion offer to acquire the company. This surprising development may have caught investors off guard, as it appears to outbid initial offers by rival bidders. The details of Hercules’ proposal are not yet publicly available, but analysts speculate that it could be an attempt to gain control over H&E’s significant rental equipment business.
Source: https://www.ft.com/content/1e2ded90-4a51-4ffd-86ce-91d59cfd0059