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Hertz Global Holdings prices below range

November 16, 2006
HTZ

Hertz Global Holdings, a leading car and equipment rental operator, priced 88.2 million shares at $15 on Wednesday night. The deal priced 12% below the midpoint of its proposed range. The stock is expected to begin trading on the New York Stock Exchange on Thursday under the ticker HTZ. Goldman Sachs, Lehman Brothers, Merrill Lynch and JP Morgan managed the deal.