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Construction equipment firm H&E prices above range

January 30, 2006

H&E Equipment Services, which rents and sells heavy construction and industrial equipment to 21,000 customers, priced its IPO of 10.9 million shares at $18, above its proposed $15 to $17 price range, on Monday night. The deal was underwritten by Credit Suisse and UBS Investment Bank. The stock is expected to begin trading on the NASDAQ under the ticker HEES on Tuesday.