Herc Holdings Inc. has extended its tender offer to acquire H&E Equipment Services Inc., pushing the deadline to May 22, 2025, to allow more time to meet remaining conditions, including regulatory approvals.
The offer, originally set to expire just after 11:59 p.m. ET on May 13, proposes $78.75 in cash and 0.1287 shares of Herc common stock for each share of H&E stock, as outlined in the merger agreement signed Feb. 19.
As of the close of business on May 7, Computershare Trust Company, N.A., the offer’s depository and paying agent, reported that 11,999,305 H&E shares — about 32.73% of the outstanding shares — had been validly tendered and not withdrawn. An additional 53,759 shares were tendered under guaranteed delivery procedures, representing roughly 0.15% of outstanding shares.
The offer is being made under terms detailed in the Prospectus/Offer to Exchange dated March 19 and subsequent filings with the U.S. Securities and Exchange Commission.
Herc Holdings, founded in 1965, operates through Herc Rentals Inc. and reported $3.6 billion in revenue for 2024. The company employs approximately 7,600 people and runs 453 locations across North America.
