Herc Holdings Extends Tender Offer to Acquire H&E Equipment Services

Herc Holdings has extended its previously announced tender offer to acquire all of the outstanding shares of H&E Equipment Services Inc. common stock for $78.75 in cash and 0.1287 shares of Herc common stock for each H&E share, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub Inc. and H&E.

The offer, which was previously scheduled to expire at one minute past 11:59 p.m. Eastern Time, on April 15, has been extended until one minute past 11:59 p.m. Eastern Time, on April 29, 2025, unless further extended in accordance with the terms of the merger agreement. The offer was extended to allow additional time for the satisfaction of the remaining conditions of the tender offer, including receipt of applicable regulatory approvals.

Computershare Trust Company N.A., the depository and paying agent for the offer, has advised the company that as of close of business on April 15, 2025, approximately 17.9 million H&E shares have been validly tendered, representing 48.84% of the outstanding H&E shares, and an additional 385,504 H&E shares were tendered pursuant to guaranteed delivery procedures, representing an additional approximate 1.05% of the outstanding H&E shares.