PARK RIDGE, N.J., May 6, 2013 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz Holdings") announced today the sale of an aggregate of 49,800,405 shares of common stock of Hertz Holdings by investment funds associated with Clayton, Dubilier & Rice, LLC ("CDR"), The Carlyle Group ("Carlyle") and BofA Merrill Lynch ("Merrill Lynch" and, together with CDR and Carlyle, the "Sponsors") to Goldman, Sachs & Co., as the sole underwriter in the registered public offering of those shares.
The last reported sale price of Hertz Holdings' common stock on May 6, 2013 was $24.96 per share. Goldman, Sachs & Co. proposes to offer for sale the shares of common stock from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to receipt and acceptance by it and subject to its right to reject any order in whole or in part.
The announced sale of common stock represents the entire interest of the Sponsors and their associated investment funds, except for de minimis amounts held by certain entities associated with the Sponsors previously received as compensation for service on Hertz Holdings' board of directors or acquired in the ordinary course of business. Hertz Holdings will not receive any proceeds from the offering.Hertz Holdings has filed a registration statement (including a prospectus) with the Securities and Exchange Commission ("SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Hertz Holdings has filed with the SEC for more complete information about Hertz Holdings and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Hertz Holdings, the underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free 1-866-471-2526 or by emailing firstname.lastname@example.org. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts