Ford Motor Co. agrees to sell all of the assets of its wholly owned Hertz Corp. rental car subsidiary to a group of private equity firms for approximately $15 billion, including debt. The auto maker expects the sale to be completed by the end of the year, subject to regulatory approval. Under the deal, Ford will receive some $5.6 billion for the equity of Hertz from the group, which includes Clayton, Dublier & Rice Inc., the Carlysle Group and Merrill Lynch Global Private Equity. ...
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