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Hertz Global Holdings files for IPO

July 14, 2006
HTZ

Hertz Global Holdings, the owner of car and equipment rental businesses, filed for an IPO on Friday. Goldman Sachs, Lehman Brothers, Merrill Lynch, Deutsche Bank and JP Morgan are all managing the deal. Terms and timing have yet to be announced. This deal was announced shortly after Hertz Corporation withdrew the application for its IPO that it filed a year ago. Last September Clayton, Dubilier & Rice, The Carlyle Group, and Merrill Lynch bought out the business for $15 billion.