Herc Holdings (HRI) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced agreement for the company to acquire H&E Equipment (HEES). In addition, the company announced that the SEC had declared its Registration Statement on Form S-4 effective. The satisfaction of these important regulatory conditions moves the company closer to the completion of the proposed transaction, which is expected to close by early June, subject to the majority of H&E’s shares being tendered into the offer and the satisfaction of customary closing conditions.
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- Herc Holdings Announces Acquisition of H&E Equipment
- Herc extends tender offer to acquire H&E Equipment Services
- Sell Rating for Herc Holdings Amid Weak Rental Market and Financial Strain
- Herc Holdings price target lowered to $160 from $250 at Barclays
- Herc Holdings price target lowered to $110 from $129 at Baird
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