$94.640
-0.596 (-0.63%)At close
HEES News
HEES Events
Crown Crafts CFO Craig Demarest to retire, Claire Spencer to succeed
Crown Crafts (CRWS) announced that Claire Spencer has joined the company as Vice President and, effective upon Craig Demarest's retirement as the company's CFO on June 30, has been appointed CFO of the company. Spencer served from July 30, 2021 through June 2, 2025 as Director of SEC Reporting for H&E Equipment Services (HEES).
Herc Holdings, H&E Equipment announce expiration of tender offer
Herc Holdings (HRI) and H&E Equipment Services, Inc. d/b/a H&E Rentals (HEES) announced the expiration of the tender offer to exchange each outstanding share of H&E common stock for $78.75 in cash and 0.1287 shares of Herc common stock, in each case without interest, pursuant to the terms of the previously announced merger agreement, dated February 19, 2025, between Herc, HR Merger Sub and H&E. The Offer, which was extended on May 23, 2025, expired at one minute past 11:59 p.m. Eastern Time on May 29, 2025. The Depository and Paying Agent for the Offer has advised Herc that as of the expiration of the Offer, a total of 25,369,090 H&E Shares were validly tendered and not validly withdrawn in the Offer, representing approximately 69.33% of the outstanding H&E Shares. As of such expiration, all conditions to the Offer have been satisfied or waived and Merger Sub has accepted for payment all H&E Shares validly tendered and not validly withdrawn in accordance with the terms of the Offer. Herc, Merger Sub and H&E currently expect to close the acquisition on June 2, 2025.
Herc Holdings extends tender offer to acquire H&E Equipment
Herc Holdings (HRI) announced that it has extended its previously announced tender offer to acquire all of the outstanding shares of H&E Equipment (HEES) 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, between Herc, HR Merger Sub, Inc. and H&E.
H&E Equipment elected to not declare a regular quarterly cash dividend
H&E Equipment Services announced at its recent quarterly meeting, the Company's Board of Directors elected not to declare a regular quarterly cash dividend scheduled for payment to stockholders in June 2025. The decision follows continued progress with H&E's pending merger transaction with Herc Holdings, Inc., which is expected to close in early-June 2025.
Herc announces expiration of HSR Act waiting period for H&E Equipment deal
Herc Holdings (HRI) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the previously announced agreement for the company to acquire H&E Equipment (HEES). In addition, the company announced that the SEC had declared its Registration Statement on Form S-4 effective. The satisfaction of these important regulatory conditions moves the company closer to the completion of the proposed transaction, which is expected to close by early June, subject to the majority of H&E's shares being tendered into the offer and the satisfaction of customary closing conditions.
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