The largest general use car rental business will go public in an effort to maximize value for Ford Motor Co. shareholders. Ford has filed paper work with the Securities and Exchange Commission to get the initial public offering process rolling on its Hertz Corp. subsidiary. The auto maker plans an IPO for a portion of the business and will divest the remaining ownership interest separately. A company spokeswoman tells Ward's that even though Hertz is profitable - earning nearly $500 ...
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