{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-028712","form_type":"8-K","ticker":"HRI","cik":"0001364479","company_name":"HERC HOLDINGS INC","filed_at":"2025-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.436389+00:00","generated_at":"2026-05-26T15:16:42.626719+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Herc Holdings proposes to acquire H&E Equipment Services for $104.89/share in cash and stock","bullets":["Herc offers $78.75 cash + 0.1287 Herc shares per H&E share, total $104.89, a 14% premium to United Rentals' $92.00 cash bid.","H&E board deemed proposal superior; United Rentals waives match period, will not submit revised bid.","Combined company to have >600 locations, ~$10B fleet OEC, $5.2B revenue, $2.5B EBITDA; net leverage 3.8x at close.","Expected ~$300M annual EBITDA synergies (cost $125M, revenue $175M) by year 3; high-single-digit cash EPS accretive in 2026.","Transaction expected to close mid-2025; subject to regulatory approvals and tender condition; no financing contingency."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-028712","json":"https://secwatch.observer/filing/0001193125-25-028712.json","markdown":"https://secwatch.observer/filing/0001193125-25-028712.md","text":"https://secwatch.observer/filing/0001193125-25-028712.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1364479/000119312525028712/0001193125-25-028712-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1364479/000119312525028712/d851550d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T15:16:42.626719+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}