Baton Rouge’s H&E Equipment buys Miami-based Neff Corp. in $1.2 billion deal

Baton Rouge's H&E Equipment buys Miami-based Neff Corp. in $1.2 billion deal

H&E Equipment Services (HEES) to Acquire Neff Corporation (NEFF) for $21.07/Share

Baton Rouge-based H&E Equipment Services Inc. will acquire Miami-based equipment rental firm Neff Corp. in a $1.2 billion deal that will nearly double the number of H&E branches from 78 to 147. The deal also will result in a combined fleet of 43,749

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H&E Equipment to Acquire Neff in $1.2 Bln Deal

H&E Equipment Services logo H&E Equipment Services, Inc. (NASDAQ:HEES)'s stock had its “buy” rating restated by Royal Bank Of Canada in a report issued on Wednesday. They presently have a $30.00 price objective on the industrial products company's

H&E Equipment Services (HEES) to Acquire Neff Corporation (NEFF) for $21.07/Share

H&E Equipment Services (NASDAQ:HEES) Earning Somewhat Favorable Press Coverage, Analysis Finds

Baton Rouge's H&E Equipment Services is acquiring Neff Corporation, a regional equipment rental company based in Miami, in a deal valued at $1.2 billion that will double its number of branches. H&E says it will pay $21.07 in cash per share for Neff.

Among 3 analysts covering H&E Equipment Services (NASDAQ:HEES), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. H&E Equipment Services had 8 analyst reports since July 31, 2015 according to SRatingsIntel. UBS downgraded H&E

(Adds details) July 14 (Reuters) – H&E Equipment Services Inc <HEES.O> said on Friday it would buy construction equipment rental chain Neff Corp <NEFF.N> for about $1.2 billion, including debt, doubling the number of its branches in the country. The … . H&E Equipment Services Inc. (HEES) traded on unusually high volume on Jul. 14, as the stock gained 7.46% to close at $21.90. On the day, H&E Equipment Services Inc. saw 602,227 shares trade hands on 4,272 trades. Considering that the stock averages

Today H&E Equipment Services, Inc. (HEES) Stock Rises

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. H&E Equipment Services, Inc. (NASDAQ: HEES) and Neff Corporation (NYSE: NEFF) today announced that they have entered into a definitive

Equipment rental firm H&E to buy rival Neff for about $1.2 bln

(Reuters) – H&E Equipment Services Inc (HEES.O) said on Friday it would buy construction equipment rental chain Neff Corp (NEFF.N) for about $1.2 billion, including debt, doubling the number of its branches in the country. The cash offer of $21.07 per … . H&E Equipment Services Incorporated (NASDAQ:HEES) had an increase of 4.08% in short interest. HEES's SI was 1.79M shares in July as released by FINRA. Its up 4.08% from 1.72M shares previously. With 277,300 avg volume, 7 days are for H&E

Somewhat Positive News Coverage Very Likely to Impact H&E Equipment Services (HEES) Share Price

Technical traders may be interested in looking at the indicator levels on shares of H&E Equipment Services Inc (HEES). The 14-day ADX for is currently 13.98. In general, an ADX value from 0-25 would signal an absent or weak trend. A level of 25-50 …

July 14 (Reuters) – H&E Equipment Services Inc said on Friday it would buy construction equipment rental chain Neff Corp for about $1.2 billion, including debt. The cash offer of $21.07 per share represents a 7 percent premium to Neff's Thursday close.


Posted in Baton Rouge