United Rentals, Inc. (NYSE: URI ) announced today the termination of its previously announced merger agreement with H&E Equipment Services, Inc. The decision to end the agreement, which was initially disclosed in a January 14, 2025 filing, was mutually agreed upon by both parties on February 19, 2025. The termination follows the withdrawal of United Rentals' cash tender offer to acquire all outstanding shares of H&E Equipment Services, which was initiated on January 28, 2025. As a result of the agreement's termination, H&E Equipment Services will pay United Rentals a termination fee of $63,523,892, in accordance with the terms set forth in the original merger agreement. The merger agreement's dissolution also leads to the termination of the amended and restated bridge facility commitment letter between United Rentals (North America), Inc. and various financial institutions, which was intended to finance the transactions contemplated by the merger.