The company said it waived its matching right to a superior proposal received by H&E Equipment Services, Inc. on February 18, 2025, and it expected the merger agreement with H&E to be terminated on January 14, 2025 in accordance with its terms.

1. 01

   The company said it waived its matching right to a superior proposal received by H&E Equipment Services, Inc. on February 18, 2025, and it expected the merger agreement with H&E to be terminated on January 14, 2025 in accordance with its terms.

2. 02

   The company said H&E notified it on February 16, 2025 that H&E had received a superior acquisition proposal from a strategic bidder, and that United Rentals waived the 4 business-day good-faith negotiation period H&E was required to observe before terminating the merger agreement.

3. 03

   The company said H&E must pay United Rentals a termination fee of approximately $63.5 million if H&E terminates the merger agreement to enter into an agreement for that acquisition proposal.

4. 04

   United Rentals said it will immediately restart its share repurchase program following H&E's termination of the merger agreement. It said approximately $250 million of authorization remained under the existing $1.5 billion program as of February 18, 2025.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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