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Adjustments - USA - Ford Selling Hertz for $5.6 Billion
Mich,USA -The Car Connection -Sep. 13, 2005: -- Ford Motor said on Monday it has agreed to sell its Hertz Corp. auto rental subsidiary to a consortium of private equity firms for $5.6 billion. The automaker, trying to enhance its cash position, said it will sell all of its Hertz shares to the group composed of Clayton Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity... Including debt held by Hertz, the number-one rental company, is valued at $15 billion, Ford said. The automaker will close the deal by year-end...
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