Herc Holdings and H&E Equipment Services conclude tender offer to acquire H&E Equipment Services shares for $78.75 in cash and 0.1287 shares of Herc common stock.
In Bonita Springs, Florida and Baton Rouge, Louisiana, Herc Holdings Inc. (NYSE: HRI) and H&E Equipment Services, Inc. (NASDAQ: HEES) declared the conclusion of a tender offer. The offer involved exchanging every existing share of H&E common stock (referred to as "H&E Shares") for $78.75 in cash and 0.1287 shares of Herc common stock, without interest. This deal expired today after being announced, providing the shareholders the "Offer Price" as consideration.
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