H&E Equipment Stock Doubles on Acquisition by United Rentals for $4.8B

Key TakeawaysH&E Equipment Services shares more than doubled in value intraday Tuesday after United Rentals agreed to buy the company for $4.8 billion.The combination of equipment renters expands United Rentals’ fleet by nearly 64,000 units.The companies expect the deal to close in the first quarter of 2025. H&E Equipment Services (HEES) shares more than doubled in value intraday Tuesday after the company reached a deal to be acquired by United Rentals (URI) for $4.8 billion. The purchase price equates to $ ...