By james art 
Baton Rouge H & E Equipment Services, which has announced last month that it has achieved a $ 4.8 billion deal, which will be purchased from United Rent, said it has received nearly $ 5.3 billion from a HERC Rent offer.
HERC offers to buy H&E with a combination of money and shares that reach about $ 104.59 per share. This is more than United Rent to $ 92, which said it would pay a share of H&E.
When H&D announced the United Rental Deal on January 14, the company said it had a 35 -day go Shop to negotiate a better offer. This period ended on Monday.
Florida -based Herc has 440 seats in the US and Canada. The company has 16 seats in South Louisiana.
H&E said it plans to conclude a merger agreement with HERC on Wednesday after meeting the requirements under the United Rental Agreement. This includes paying a $ 63.5 million termination fee, which Herck said would cover the price of.
The deal will be closed in the middle of the year, although H&O has noted in the press release that there are no assurances that the HERC deal will happen.
H&E, founded in 1961, is the fifth largest lease company in the United States, with more than 160 branches in 31 states. His rent park is estimated at $ 2.9 billion.
While both companies have a strong concentration in places south, Herc has a large presence in New England, the Upper West and the Pacific northwest. H&E has a severe concentration in Montana, Wyoming, Colorado, Utah and Idaho.
H&E is a common business rental business, HERC specializes in areas for areas such as energy production, pump, HVAC and floor care.
In recent years, H&D has taken aggressive measures, and in 2021 sold its business business in 2021 and its earth distributors in 2022 to concentrate on hiring equipment. H&E also purchased smaller Mid -West and West equipment companies.
Analysts say that the greater the equipment company is, the better its chances of receiving new equipment from the manufacturers and the better price it pays.
HERC was started about 60 years ago and has a rental fleet worth just over $ 7 billion. Getting H&E, Herc said it would strengthen its position on the third largest rental company in North America.
H & E shares were 15.2% Tuesday, or $ 13.28 to close to $ 100.57. HERC has dropped 7.3% or $ 14.67 to close at $ 185.37.