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Joele Frank handles Herc Holdings as the machinery rental giant acquires H&E Equipment Services in a $3.9B cash and stock transaction after H&E's merger deal with United Rentals fell apart.
Bonita Springs-based Herc entered the scene under a “go-shop” provision in H&E’s merger agreement with United Rentals, which then pulled its offer.
John Engquist, executive chairman of H&E, said Herc’s offer provides “both immediate, premium value and the opportunity to participate in the substantial upside value that will be created through this combination.”
His Baton Rouge company rents aerial work platforms, earthmoving, material handling and other general and specialty lines.
Herc, on behalf of H&E, paid a termination fee of $63.5M to United Rentals.
Joele Frank, Wilkinson Brimmer Katcher’s Barrett Golden, Sharon Stern, TJ O’Sullivan and Maggie Carangelo worked the Herc Holdings deal.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
