Neff Corporation (NYSE:NEFF) Files An 8-K Other Events

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Neff Corporation (NYSE:NEFF) Files An 8-K Other Events
Item 8.01. Other Events.

On August14, 2017, Neff Corporation (“Neff” or the “Company”) issued a press release announcing that its Board of Directors has determined that an acquisition proposal received from a strategic bidder to acquire all of the outstanding shares of Neff for $25.00 per share in cash constitutes a “Superior Proposal” as defined in Neff’s previously announced agreement and plan of merger (the “Existing Merger Agreement”) with H&E Equipment Services,Inc., dated as of July14, 2017. A copy of the press release is attached hereto as Exhibit99.1 and is incorporated by reference herein.

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section27A of the Securities Act of 1933 and Section21E 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 Existing Merger Agreement; changes in the business or operating prospects of Neff; the failure to satisfy conditions to completion of the merger contemplated by the Existing Merger Agreement, 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 Merger Agreement); the ability to retain key personnel; the ability to recognize the benefits of the proposed merger; the amount of the costs, fees, expenses and charges related to the proposed 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 Form10-K for the year ended December31, 2016 and Neff’s Quarterly Report on Form10-Q for the quarter ended June30, 2017 and in other reports filed by Neff with the SEC.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits

Exhibit No.

Description

99.1

Copy of Press Release issued by Neff Corporation, dated August14, 2017.


Neff Corp Exhibit
EX-99.1 2 a17-20138_1ex99d1.htm EX-99.1 Exhibit 99.1     For Investors: Mark Irion,…
To view the full exhibit click here

About Neff Corporation (NYSE:NEFF)

Neff Corporation is an equipment rental company. The Company offers various equipment rental solutions for its customer base, including non-residential construction, oil and gas, and residential construction customers. The Company’s fleet of equipment includes earthmoving, material handling, aerial and other rental equipment. The Company’s operations are focused on the Sunbelt states of Virginia, North Carolina, South Carolina, Florida, Georgia, Alabama, Tennessee, Louisiana, Texas, Arizona, Nevada and California. The Company’s operations are engaged in rental fleet, equipment sales, and parts and service in approximately five regions in the United States, including Florida, Atlantic, Central, Southeastern and Western. The Company operates over 65 branches. Its rental fleet consisted of over 14,000 major units of equipment. Its earthmoving equipment include excavators, backhoes, loaders, bulldozers, mini-excavators, trenchers, sweepers and tractors, track loaders and skid steers.

Neff Corporation (NYSE:NEFF) Recent Trading Information

Neff Corporation (NYSE:NEFF) closed its last trading session up +0.70 at 21.85 with 819,351 shares trading hands.