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.