Stamford, Connecticut-based United Rentals, Inc. (NYSE: URI ), the world's largest equipment rental company, has terminated its previously announced merger agreement with H&E Equipment Services (NASDAQ: HEES ), Inc. The termination was mutually agreed upon on Tuesday, February 19, 2025, as disclosed in a recent SEC filing. According to the 8-K filing, the agreement and plan of merger, which involved a cash tender offer by United Rentals' wholly owned subsidiary UR Merger Sub VII Corporation to acquire all outstanding shares of H&E, was withdrawn. This withdrawal coincided with the termination of the merger agreement, making a condition of the offer impossible to fulfill. Under the terms of the merger agreement, H&E is obligated to pay United Rentals a termination fee of $63,523,892. This fee is in line with the conditions set forth in the agreement, which was initially detailed in United Rentals' Form 8-K filed on January 14, 2025.