Herc Holdings Inc., a leading equipment rental supplier in North America, has announced the completion of its acquisition of H&E Equipment Services, Inc., doing business as H&E Rentals. Under the terms of the merger, Herc Rentals acquired all of the issued and outstanding shares of H&E's common stock for $78.75 in cash and 0.1287 shares of Herc Rentals common stock per share. With this acquisition, shares of H&E common stock have ceased trading and will no longer be listed on the NASDAQ. Herc's President and CEO, Larry Silber, highlighted that the acquisition strengthens Herc's position as a premier rental company in North America by expanding its network and capabilities, offering a broader range of rental products, and enhancing customer service and safety.
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