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United Rentals Falls After Losing $4.8 Billion Deal, Despite Consolation Prize

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United Rentals (URI) said Tuesday that it won’t up its $92 per share cash bid for H&E Equipment Services (HEES), after H&E received a higher offer from Herc Holdings (HRI). URI stock fell in morning stock market action, though investors won’t walk away empty-handed, while HEES soared on the higher deal price. United Rentals will claim a $63.5 million breakup…

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