Herc Holdings Inc. has confirmed the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act regarding its acquisition of H&E Equipment Services. This regulatory update brings them a step closer to finalising the deal, expected to close by early June 2025, subject to certain conditions being met.
Key Points
- The waiting period for HSR Act has expired, facilitating further steps in the acquisition process.
- Herc Holdings plans to complete the acquisition of H&E Equipment Services by early June 2025.
- The Securities and Exchange Commission has declared the Registration Statement on Form S-4 effective.
- Key regulatory conditions are now satisfied for the proposed transaction.
- This acquisition is seen as a strategic step to enhance Herc’s market position within the equipment rental industry.
Why should I read this?
If you’re keeping an eye on the equipment rental market, this article is a must-read! It’ll help you understand how Herc’s acquisition of H&E could reshape industry dynamics. Plus, it saves you the hassle of digging through all the details yourself—we’ve done the legwork for you!