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What will be the market reaction in terms of analyst ratings to United Rentals' acquisition by June 30, 2025?
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Analyst reports from financial institutions and rating agencies
Story
United Rentals Acquires H&E Equipment Services for $4.8 Billion at $92 Per Share, Adding 64,000 Units, Closing Q1 2025
Jan 14, 2025, 11:35 AM
United Rentals Inc. has announced its acquisition of H&E Equipment Services, Inc. for $92 per share in a cash deal valued at $4.8 billion, which includes $1.4 billion in net debt. This acquisition will enhance United Rentals' fleet by adding 64,000 units and expanding its operational footprint across more than 30 states. The transaction is expected to close in the first quarter of 2025. The purchase price represents a premium of over 100% compared to H&E's recent closing price of $43.94 per share. This strategic move positions United Rentals as a more dominant player in the equipment rental sector.
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