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Hertz Global Holdings Inc Announces Sale Of 50,000,000 Shares Of Common Stock By Selling Stockholders

Monday, 10 Dec 2012 04:19pm EST 

Hertz Global Holdings Inc announced that the sale of an aggregate of 50,000,000 shares of common stock by investment funds associated with Clayton , Dubilier & Rice, LLC, The Carlyle Group and BofA Merrill Lynch to J.P. Morgan, as the sole underwriter in the registered public offering of those shares. The shares are being sold on a pro rata basis by these investment funds, which are existing stockholders of Hertz Holdings, in accordance with their current ownership interests. Following the offering, these investment funds will continue to beneficially own an aggregate of approximately 110 million shares, or approximately 26% in the aggregate, of Hertz Holdings' outstanding common stock, calculated on an undiluted basis. The total number of outstanding shares of Hertz Holdings' common stock will not change as a result of the offering. Hertz Holdings will not receive any proceeds from the offering. 

Company Quote

-0.66 -2.18%
29 Aug 2014