Herc Holdings said it remains on track to close its proposed acquisition of H&E Equipment Services by mid-2025.
As part of the process, the companies submitted a pre-merger notification under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act, which initiates a 30-day waiting period for the Federal Trade Commission to review the proposed transaction, according to an April 14 Herc filing with the Securities and Exchange Commission. Due to the complexity of the deal and the volume of information involved, Herc voluntarily withdrew and refiled its HSR submission to allow regulators additional time, while this procedural step restarts the 30-day waiting period and is common in large transactions.
The formal tender offer to H&E shareholders remains open during the regulatory review, according to the filing. Herc said it is fully committed to securing the necessary approvals and confident in the long-term value the transaction will deliver for stakeholders.
President and CEO Larry Silber thanked the teams for their continued support and emphasized the company’s focus on combining operations as one team, according to the filing. The company emphasized that the regulatory review process is underway and progressing as expected.
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