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An announcement from United Rentals ( (URI) ) is now available.
On January 13, 2025, United Rentals, Inc. announced a definitive agreement to acquire H&E Equipment Services, Inc. for $92 per share in cash, valuing the transaction at approximately $4.8 billion. This acquisition, approved by both companies’ boards, aims to expand United Rentals’ capacity and offerings in key U.S. markets while leveraging cost synergies and enhancing shareholder value. The merger agreement includes a 35-day go-shop period allowing H&E to explore alternative proposals. The transaction is expected to close in the first quarter of 2025, with the integration of H&E expected to drive efficiency and new business opportunities for United Rentals.
More about United Rentals
United Rentals, Inc. is a company operating in the equipment rental industry, offering a wide range of rental solutions across various sectors, including construction and industrial markets. The company focuses on providing specialty rental offerings and has a significant presence in strategic U.S. markets.
YTD Price Performance: -0.10%
Average Trading Volume: 551,629
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $44.03B
See more insights into URI stock on TipRanks’ Stock Analysis page.
