IRSA Investments' 15min chart shows Bollinger Bands expanding upward, bullish Marubozu.

The 15-minute chart for IRSA Investments has recently triggered an upward expansion of Bollinger Bands, coupled with a bullish Marubozu candle at 06/06/2025 12:30. This technical indicator suggests that the market trend is currently being driven by buying activity, with buyers exerting control over market direction. As a result, it is likely that bullish momentum will continue in the near future.

Herc Holdings Inc. (NYSE: HRI) has successfully completed its acquisition of H&E Equipment Services, Inc. (NasdaqGS: HEES) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE: BLK), ClearBridge Investments, LLC, Macquarie Group Limited (ASX: MQG), American Century Investment Management Inc, and others. The acquisition was finalized on June 2, 2025, following a series of approvals and regulatory clearances.

The acquisition was initially proposed on February 10, 2025, with a total consideration of $3.9 billion. Herc Holdings offered $78.75 in cash and 0.1287 shares of Herc common stock for each share of H&E, valued at $104.89 per share based on Herc's 10-day VWAP as of February 14, 2025. This offer represented a 14.0% premium to United Rentals' $92.00 per share cash-capped consideration [1].

Herc Holdings secured $4.5 billion of fully committed financing, including a $1 billion draw under an upsized and extended $4 billion 5-Year ABL Revolving Credit Facility, a $750 million 7-Year Term Loan B, and $2,750 million New Unsecured Debt. The transaction was funded through a combination of these facilities [1].

Upon completion, H&E shareholders will own approximately 14.1% of the combined company. The acquisition is expected to generate $300 million of EBITDA synergies by the end of year three following close, along with an anticipated improved valuation multiple for the combined company [1].

The transaction was subject to the expiration of any waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the Form S-4 in connection with the issuance of shares in the Merger. The proposed transaction was not subject to a financing condition [1].

Herc Holdings Inc. has extended its tender offer to acquire all of the outstanding shares of H&E common stock until May 29, 2025. A total of 25,369,090 H&E shares were validly tendered and not validly withdrawn in the offer, representing approximately 70.99% of the outstanding H&E shares [1].

Guggenheim Securities, LLC served as the lead financial advisor to Herc, while Crédit Agricole Securities (USA) Inc. acted as the co-financial advisor. Credit Agricole Corporate and Investment Bank served as the lead financing bank. Simpson Thacher & Bartlett LLP acted as legal advisors, and Joele Frank, Wilkinson Brimmer Katcher served as the strategic communications advisor [1].

The acquisition of H&E Equipment Services, Inc. is expected to enhance Herc Holdings' market position and operational efficiency. The integration of H&E's services is anticipated to drive growth and profitability for the combined entity.

References:
[1] https://www.marketscreener.com/quote/stock/BLACKROCK-INC-176512022/news/Herc-Holdings-Inc-completed-the-acquisition-of-H-E-Equipment-Services-Inc-from-The-Vanguard-Group-50131780/