H&E Equipment Services, Inc. (NASDAQ: HEES) today announced
that it will hold a conference call to discuss the acquisition of
the Neff Corporation (NYSE: NEFF). The Company will hold the
conference call to discuss the details of the acquisition on
Tuesday, July 18, 2017, at 2:00 p.m. (Eastern Time). To listen
to the call, participants should dial 719-325-2412 approximately
10 minutes prior to the start of the call. A telephonic replay
will become available after 4:00 p.m. (Eastern Time) on July 18,
2017, and will continue through July 25, 2017, by dialing
719-457-0820 and entering the confirmation code 4606153.
The live broadcast of the acquisition conference call will be
available online at www.he-equipment.com on July 18, 2017,
beginning at 2:00 p.m. (Eastern Time) and will continue to be
available for 30 days. Related presentation materials will be
posted to the “Investor Relations” section of the Company’s web
site at www.he-equipment.com prior to the call. The presentation
materials will be in Adobe Acrobat format.
About H&E Equipment Services, Inc.
H&E is one of the largest integrated equipment services
companies in the United States with 78 full-service facilities
throughout the West Coast, Intermountain, Southwest, Gulf Coast,
Mid-Atlantic and Southeast regions. H&E is focused on heavy
construction and industrial equipment and rents, sells and provides
parts and services support for four core categories of specialized
equipment: (1) hi-lift or aerial platform equipment; (2) cranes;
(3) earthmoving equipment; and (4) industrial lift trucks. By
providing a multitude of services including equipment rental,
sales, on-site parts and repair and maintenance, H&E is a
one-stop provider for its customers' varied equipment needs. This
full service approach provides H&E with multiple points of
customer contact, enabling it to maintain a high quality rental
fleet, as well as an effective distribution channel for fleet
disposal and provides cross-selling opportunities among its new and
used equipment sales, rental, parts sales and services
operations.
About Neff Corporation
Neff is a leading regional equipment rental company in the
United States, focused on the fast growing Sunbelt States. Based in
Miami, FL, the company offers a broad array of equipment rental
solutions for its more than 15,000 customers, focusing on key end
user markets including infrastructure, non-residential
construction, energy and municipal and residential construction.
Neff has 69 branches, approximately 1,160 employees and a broad
fleet of equipment, including earthmoving, material handling,
aerial and other rental equipment to meet specific customer
needs.
Forward-Looking Statements
Statements contained in this press release that are not
historical facts, including statements about H&E’s or Neff’s
beliefs and expectations, are forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
include statements preceded by, followed by or that include the
words “may”, “could”, “would”, “should”, “believe”, “expect”,
“anticipate”, “plan”, “estimate”, “target”, “project”, “intend”,
“foresee” and similar expressions, as well as other statements,
including statements about the anticipated benefits to H&E and
Neff from the merger, H&E’s and Neff’s anticipated financial
and operating results, the impact of the merger on H&E’s
earnings and capital structure and H&E’s and Neff’s respective
plans, objectives and intentions. All forward-looking statements
are subject to risks, uncertainties and other factors that may
cause the actual results, performance and achievements of H&E
and Neff to differ materially from the anticipated results
expressed or implied by any forward-looking statements. These
risks, uncertainties and other factors include, among others: (1)
the risk that the savings and synergies anticipated from the merger
are not realized or take longer than anticipated to be realized;
(2) disruption or reputational harm as a result of the merger with
H&E’s or Neff’s customers, suppliers, employees or others
business partner relationships; (3) the occurrence of any event,
change or other circumstances that could give rise to the
termination of the merger agreement, the failure of the closing
conditions included in the merger agreement to be satisfied (or any
material delay in satisfying such conditions), or any other failure
to consummate the transactions contemplated thereby, including in
circumstances in which one party would be obligated to pay the
other a termination fee or other damages or expenses; (4) the risk
of unsuccessful integration of H&E’s and Neff’s businesses, or
that such integration will be materially delayed or will be more
costly or difficult than anticipated; (5) the amount of the costs,
fees, expenses and charges related to the merger; (6) the ability
to obtain required governmental approvals of the proposed merger,
including approval under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976; (7) any additional costs related to the
merger or the other transactions contemplated thereby as a result
of unexpected factors or events; (8) the significant indebtedness
of the combined company, including the indebtedness incurred in the
proposed financing of the merger; (9) any negative effects of this
announcement or the consummation of the merger, the proposed
financing thereof or any of the other transactions contemplated
thereby on the market price of H&E’s or Neff’s common stock or
other securities; (10) the diversion of management time on
transaction-related issues; (11) other business effects, including
the effects of general industry, market, economic, political or
regulatory conditions, future exchange or interest rates or changes
in tax laws, regulations, rates and policies, including the
uncertainty regarding rules and regulations with respect to the
foregoing that may be affected by the United States Congress and
Trump administration; and (12) the expected business outlook,
anticipated financial and operating results generally. For a more
detailed discussion of some of the foregoing risks and
uncertainties, see H&E’s and Neff’s respective Annual Reports
on Form 10-K and other reports and other documents filed with the
U.S. Securities and Exchange Commission. Forward-looking statements
are only predictions and are not guarantees of performance. These
statements are based on the current beliefs and assumptions of
H&E’s and Neff’s management, which in turn are based on
currently available information and important, underlying
assumptions. H&E and Neff are under no obligation to publicly
update or revise any forward-looking statements after this press
release, whether as a result of any new information, future events
or otherwise. Investors, potential investors, security holders and
other readers are urged to consider the above mentioned factors
carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking
statements. Although H&E and Neff believe that the expectations
reflected in the forward-looking statements are reasonable, they
cannot guarantee future results or performance, including the
consummation of the transactions contemplated by the merger
agreement or the proposed financing thereof or any anticipated
effects of the merger.
Additional Information and Where to Find It
In connection with the proposed acquisition, Neff intends to
prepare an information statement in preliminary and definitive form
for its stockholders containing the information with respect to the
proposed merger specified in Schedule 14C promulgated under the
Securities Exchange Act of 1934, as amended (the “Exchange Act”),
and describing the proposed merger. Neff’s stockholders are urged
to carefully read the information statement regarding the proposed
merger and any other relevant documents in their entirety when they
become available because they will contain important information
about the proposed acquisition. You may obtain copies of all
documents filed with the SEC regarding the proposed merger, free of
charge, at the SEC’s website, http://www.sec.gov, or on the
Investor Relations section of Neff’s website (www.neffrental.com),
or by directing a request to Neff by mail or telephone as set forth
above. Investors are also urged to read the current reports on Form
8-K to be filed by each of H&E and Neff regarding the proposed
merger, which will also contain important information.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170717006216/en/
H&E Equipment Services, Inc.Leslie S. Magee,
225-298-5261Chief Financial Officerlmagee@he-equipment.comorKevin
S. Inda, 225-298-5318Vice President of Investor
Relationskinda@he-equipment.com
NEFF CORP (NYSE:NEFF)
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