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Sep 25 United Rentals and Neff Corporation Announce Early Termination of Hart-Scott Rodino Waiting Period
United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) and Neff Corporation (NYSE: NEFF ), operating as Neff Rental (“Neff”), today announced that on September 21, 2017 , the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with respect to the pending acquisition of Neff by United Rentals . The termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the pending acquisition, which remains subject to other customary closing conditions. The company has reaffirmed its expectation that the transaction will close in early October. About United Rentals United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 960 rental locations in 49 states and every Canadian province. The company’s approximately 13,700 employees serve construction and industrial customers, utilities,...
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Aug 17 United Rentals to Acquire Neff Corporation
$1.3 billion transaction will expand the company’s presence in key markets with complementary locations, fleet and customer mix Expected to be immediately accretive with substantial synergies United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) and Neff Corporation, operating as Neff Rental (“Neff”), today announced that they have entered into a definitive agreement under which United Rentals will acquire Neff for $25 per share in cash, representing a total purchase price of approximately $1.3 billion. The transaction is expected to be immediately accretive to cash EPS and free cash flow. Neff is one of the 10 largest U.S. equipment rental companies, with a presence in 14 states and a concentration in southern geographies. Based in Miami, Fla., Neff offers earthmoving, material handling, aerial and other equipment rental solutions to its more than 15,500 construction and industrial customers. Approximately 1,200 Neff employees and 69 branches serve end markets in the...
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Aug 16 Neff Corporation Statement on Transaction Update
MIAMI -(BUSINESS WIRE)- Neff Corporation (the “Company”) (NYSE:NEFF) today announced that it has received notice from H&E Equipment Services, Inc. (“H&E”) (NASDAQ: HEES) that H&E has determined not to submit a revised proposal to acquire the Company in response to a previously announced acquisition proposal from a strategic bidder to acquire all of the outstanding shares of the Company for $25.00 per share in cash.. As previously announced on August 13, 2017 , the Company’s Board of Directors had determined the alternative proposal from the strategic bidder constituted a “Superior Proposal” to the pending merger with H&E. Having received notice that H&E does not intend to modify the terms of the existing merger agreement, the Company will now move forward with its discussions with the strategic bidder. Under the previously announced agreement with H&E, the Company is required to pay a $13.2 million termination fee to H&E if the Company terminates the existing merger agreement. As...
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Neff Rental

Brian Coolidge

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Fax: (305) 513-4156

InvestorRelations@neffcorp.com