Ford plan to sell Hertz gets US antitrust approval

Newswire

WASHINGTON, Oct 26 (Reuters) - U.S. antitrust authorities said on Wednesday they had approved Ford Motor Co.'s plans to sell its rental subsidiary Hertz Corp. to a private equity group. Officials have closed their investigation of the deal without taking action, the Federal Trade Commission said in a notice. Ford announced in September that it would sell all of its Hertz shares to a private equity group composed of Clayton Dubilier & Rice, Carlyle Group and Merrill Lynch Global ...

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