August 16, 2017 / 3:33 PM / 2 years ago

BRIEF-Neff Corp says H&E Equipment determined not to submit revised proposal to buy co

Aug 16 (Reuters) - Neff Corp:

* Neff Corporation statement on transaction update

* Received notice from H&E Equipment Services, Inc that H&E has determined not to submit a revised proposal to acquire company​

* Having got notice H&E does not intend to modify terms of existing deal agreement, co to now move forward with discussions with strategic bidder​

* Strategic bidder agreed to pay termination fee to H&E on co’s behalf in event that strategic bidder & co enter definitive merger agreement​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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