Hertz Becomes Takeover Target ; Rental-Car Unit Could Sell for $10b

Summary


Carlyle Group and Texas Pacific Group are leading rival takeover bids for Park Ridge-based Hertz Corp., sources said Friday.

The rental-car unit of Ford Motor Co. may fetch about $10 billion, said the sources, who declined to be identified.

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Extract


Hertz Becomes Takeover Target ; Rental-Car Unit Could Sell for $10b

Selling Hertz is part of Ford's plan to raise funds as it loses market share in t...

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