July 31, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Neff Corp (NYSE:NEFF), was announced concerning whether the takeover of Neff Corp. by H&E Equipment Services, Inc. is unfair to NYSE:NEFF stockholders.

The investigation by a law firm concerns whether certain officers and directors of Neff Corp breached their fiduciary duties owed to NYSE:NEFF investors in connection with the proposed acquisition.

On July 14, 2017, H&E Equipment Services, Inc. (NASDAQ: HEES) and Neff Corp (NYSE:NEFF) announced that they have entered into a merger agreement under which H&E Equipment Services will acquire Neff Corporation. Under the terms of the agreement, which has been approved by the boards of directors of both companies, H&E Equipment Services, Inc. will pay $21.07 in cash per share of Neff Corp (NYSE:NEFF) common stock, for a total enterprise value of approximately $1.2 billion, including approximately $690 million of net debt.

However, the investigation concerns whether the offer is unfair to Neff Corp (NYSE:NEFF stockholders. More specifically, the investigation concerns whether the Neff Corp (NYSE:NEFF Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.