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Neff Corporation Statement on Transaction Update

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Neff Corporation (the "Company") (NYSE:NEFF) today announced that it has
received notice from H&E Equipment Services, Inc. ("H&E") (NASDAQ:HEES)
that H&E has determined not to submit a revised proposal to acquire the
Company in response to a previously announced acquisition proposal from
a strategic bidder to acquire all of the outstanding shares of the
Company for $25.00 per share in cash.. As previously announced on August
13, 2017, the Company's Board of Directors had determined the
alternative proposal from the strategic bidder constituted a "Superior
Proposal" to the pending merger with H&E.

Having received notice that H&E does not intend to modify the terms of
the existing merger agreement, the Company will now move forward with
its discussions with the strategic bidder.

Under the previously announced agreement with H&E, the Company is
required to pay a $13.2 million termination fee to H&E if the Company
terminates the existing merger agreement. As announced, the strategic
bidder has agreed to pay the termination fee to H&E on the Company's
behalf in the event that the strategic bidder and the Company enter into
a definitive merger agreement.

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

This communication contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 (the "Exchange Act").
Forward-looking statements are based on Neff's current plans or
expectations that are inherently subject to significant business,
economic and competitive uncertainties and contingencies. These
uncertainties and contingencies can affect actual results and could
cause actual results to differ materially from those expressed in any
forward-looking statements made by, or on behalf of, Neff. In
particular, statements using words such as "may," "should," "estimate,"
"expect," "anticipate," "intend," "believe," "predict," "potential," or
words of similar import generally involve forward-looking statements.
The inclusion of forward-looking statements in this communication should
not be considered as a representation by Neff or any other person that
Neff's current plans or expectations will be achieved. Numerous factors
could cause actual results to differ materially from those in such
forward-looking statements, including, but not limited to: the
occurrence of any event, change or other circumstances that could give
rise to the termination of the Merger Agreement; changes in the business
or operating prospects of Neff; the failure to satisfy conditions to
completion of the Merger, including receipt of regulatory approvals;
risks that the proposed transaction disrupts Neff's current plans and
operations, including the occurrence of an event, circumstance,
occurrence, fact, condition, development, effect or change that
constitutes a Company Material Adverse Event (as defined in the Existing
Merger Agreement); the ability to retain key personnel; the ability to
recognize the benefits of the Merger; the amount of the costs, fees,
expenses and charges related to the Merger; risks relating to operating
in a highly competitive environment; risks relating to deteriorating
market conditions; the risk of failures of Neff's customers, suppliers
or other counterparties to honor their obligations to Neff; the effect
on Neff's business of potential changes in the regulatory system under
which it operates; risks relating to potential adverse tax developments;
risks relating to adverse legislative developments; losses that Neff
could face from terrorism, political unrest and war; changes in economic
conditions or inflation; and other factors affecting future results
disclosed in Neff's filings with the U.S. Securities and Exchange
Commission ("SEC"), including but not limited to those discussed under
Item 1A, "Risk Factors", in Neff's Annual Report on Form 10-K for the
year ended December 31, 2016 and Quarterly Report on Form 10-Q for the
quarter ended June 30, 2017 and in other reports filed by Neff with the
SEC.

This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of any
vote or approval.

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