USA: Hertz Board Forms Special Committee to Evaluate Ford Stock Purchase Proposal
The Hertz Corporation (NYSE: HRZ) has announced that its Board of Directors has formed a Special Committee to consider the previously announced proposal from Ford Motor Company (NYSE: F) to acquire, through a merger, all of the outstanding shares of Hertz' stock that are not currently owned by Ford at a cash price of $30 per share of Hertz Class A common stock. Ford currently owns approximately 81.5% of Hertz' common stock.
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