A Week of Higher Offers – Merger Arbitrage Mondays

H&E Equipment Services (HEES): $98.14

Market Cap: $3.59 B

Deal Size: $5.66 B

When a company enters a go-shop period while entering a new merger, it is not common for the target to receive a superior offer from a third party—at least, not as often as one would expect. But this week brought us two such deals where a target company received a higher offer whi…