United Rentals announced on February 3, 2025, that it withdrew and refiled its Premerger Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act). This action was taken in connection with its pending acquisition of H&E Equipment Services, Inc. The refiling provides the Federal Trade Commission (FTC) with additional time for review.
The decision to refile was made due to the abbreviated 15-day review period typically associated with cash tender offers. Upon refiling, the 15-day waiting period under the HSR Act restarted, with the new waiting period set to expire at 11:59 P.M., Eastern Time, on February 18, 2025.
The "go-shop" period for H&E, scheduled to end on February 17, 2025, and the tender offer's expiration date of February 25, 2025, remained unchanged. This procedural step indicates that regulatory review is ongoing and requires more time, but does not signal a rejection of the deal.
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