{"id":656422,"date":"2013-05-07T05:18:17","date_gmt":"2013-05-07T09:18:17","guid":{"rendered":"http:\/\/www.pehub.com\/?p=200473"},"modified":"2013-05-07T05:18:17","modified_gmt":"2013-05-07T09:18:17","slug":"reuters-cdr-carlyle-bofa-sell-remaining-hertz-stake","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/656422","title":{"rendered":"Reuters – CD&R, Carlyle, BofA Sell Remaining Hertz Stake"},"content":{"rendered":"

Hertz Global Holdings<\/strong>‘ private equity investors Clayton, Dubilier & Rice<\/strong>, Carlyle Group<\/strong> and Bank of America Merrill Lynch<\/strong> have sold off their remaining shares in the car rental agency for $1.24 billion, writes Reuters<\/em>. CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each. Before the sales, CD&R and Carlyle were the second and third largest shareholders in Hertz, respectively, according to Thomson Reuters<\/em> data.<\/p>\n

Reuters<\/em> – Hertz Global Holdings Inc said on Monday that private equity firms Clayton, Dubilier & Rice and Carlyle Group, as well as Bank of America Merrill Lynch, have sold off their remaining shares in the car rental agency for $1.24 billion.<\/p>\n

CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each, Hertz said in a press release. Before the sales, CD&R and Carlyle were the second and third largest shareholders in Hertz, respectively, according to Thomson Reuters data.<\/p>\n

Bank of America Merrill Lynch, CD&R and Carlyle Group bought Hertz from Ford Motor Co in December 2005 for $5.6 billion. Including debt, the deal was worth $15 billion. Hertz did an initial public offering the following year.<\/p>\n

The post Reuters – CD&R, Carlyle, BofA Sell Remaining Hertz Stake<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Hertz Global Holdings‘ private equity investors Clayton, Dubilier & Rice, Carlyle Group and Bank of America Merrill Lynch have sold off their remaining shares in the car rental agency for $1.24 billion, writes Reuters. CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each. Before the sales, CD&R and Carlyle […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-656422","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/656422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=656422"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/656422\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=656422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=656422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=656422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}