NYSE:URI - New York Stock Exchange, Inc. - US9113631090 - Common Stock - Currency: USD
Curious about the market action on Tuesday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Herc Holdings has made a superior acquisition offer to H&E Equipment Services for $104.89 per share, which is based on Herc's 10-day VWAP and expected to close mid-2025. The offer includes $78.75 in cash and 0.1287 shares of Herc stock per H&E share, with expected synergies and revenue growth. This offer is better than the previous offer by United Rentals, which has been waived.
Under the terms of the Herc proposal, H&E shareholders would receive $78.75 in cash and 0.1287 shares of Herc common stock for each share they own, with a total value of $104.89 per share.
United Rentals Inc. dropped its plan to acquire H&E Equipment Services Inc. after a request to increase its original offer of $3.4 billion.
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Energy and industrial distributor DistributionNOW (NYSE:DNOW) will be reporting earnings tomorrow before the bell. Here’s what investors should know.
Equipment rental company Herc Holdings (NYSE:HRI) will be reporting results tomorrow before the bell. Here’s what you need to know.
Equipment rental company United Rentals (NYSE:URI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 9.8% year on year to $4.10 billion. The company expects the full year’s revenue to be around $15.85 billion, close to analysts’ estimates. Its non-GAAP profit of $11.59 per share was in line with analysts’ consensus estimates.
Three major acquisitions—two of which have been announced and another in development—could provide investors in 2025 an opportunity to reevaluate portfolios.
Many stocks flashed buy signals as the major indexes rose to or above key levels.
United Rentals plans to commence a tender offer by Jan. 28, 2025, to acquire all of the outstanding shares of H&E common stock.
Mentions: HEES
United Rentals announced early Tuesday it has agreed to acquire H&E Equipment Services for $4.8 billion.
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United Rentals Inc. agreed to buy H&E Equipment Services Inc. for $3.4 billion in cash, gaining a fleet of equipment to serve construction and industrial markets.
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