FX.co ★ United Rentals Withdraws And Refiles Premerger Notification For H&E Equipment Acquisition

United Rentals, Inc. (URI) has announced the withdrawal and subsequent refiling of its Premerger Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) related to its ongoing acquisition of H&E Equipment Services, Inc. (HEES).

On January 28, 2025, United Rentals, through its full subsidiary, UR Merger Sub VII Corporation, initiated a cash tender offer to acquire all outstanding shares of H&E common stock at $92.00 per share. This offer is net to the holder in cash, excluding interest and subject to applicable tax deductions, aligned with the terms outlined in the Offer to Purchase on January 28, 2025.

The choice to withdraw and resubmit the Premerger Notification and Report Form—which was originally submitted on January 16, 2025—aims to provide the Federal Trade Commission (FTC) with additional time to thoroughly evaluate the acquisition. This consideration is due to the limited 15-day review period designated for cash tender offers. By refiling, the 15-day review period under the HSR Act will restart, now concluding at 11:59 P.M. Eastern Time on February 18, 2025.

The Go-Shop Period remains unaffected, closing on February 17, 2025, and the Expiration Date also remains unchanged, concluding on February 25, 2025.