Herc Holdings (HRI) said Friday it extended its tender offer to acquire H&E Equipment Services (HEES) to allow more time to satisfy the remaining conditions of the offer.
Herc said it extended the offer's expiration to until one minute past 11:59 pm ET on May 29 from the previous expiration of one minute past 11:59 pm ET on May 22.
The company is offering $78.75 in cash and 0.1287 Herc share for each H&E share.
Herc shares fell 2.7% in premarket activity Friday.
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