Ford Motor Co. completes the sale of Hertz and will report a fourth-quarter pretax gain from the deal of $1.1 billion-$1.3 billion. The sale to private equity firms Clayton, Dubilier & Rice, the Carlyle Group and Merrill Lynch Global Private Equity, has a value of about $15 billion and includes the assumption of debt. The auto maker says it will receive $5.6 billion in cash. Hertz is the largest general-use car rental agency in the world and one of the largest industrial, ...
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