United Rentals, Inc. (NYSE: URI) (“United Rentals” or “the company”) and H&E Equipment Services, Inc. d/b/a H&E Rentals (NASDAQ: HEES) (“H&E”) today announced their entry into a definitive agreement under which United Rentals will acquire H&E for $92 per share in cash,

United Rentals has agreed to acquire H&E Equipment Services for $92 a share, which would more than double the smaller rental company's market capitalization to $3.37 billion. The Stamford, Conn.-based equipment-rental company said Tuesday that it intends to commence a tender offer later this month to buy all outstanding H&E shares for $92 in cash,