Ford to Sell Hertz
Keywords: legislation, ENR, construction industry, news articles, equipment & materials, finance, engineering news-record, government
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Delivery: Immediate Online Access
Publication Date: 26-SEP-05
Format: XML document
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Article Description| Ford Motor Co., Dearborn, Mich., has agreed to sell The Hertz Corp., for $15 billion, including debt. Three investment firms, Clayton Dubiller & Rice, The Carlyle Group and Merrill Lynch Global Private Equity, would become owner. Ford would receive $5.6 billion in the sale, which it expects to close by the year-end. Included in the deal is its heavy-equipment division, Hertz Equipment Rental ... |
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