Hertz Global Holdings, the owner of car and equipment rental businesses, announced the terms for its IPO on Friday. The New Jersey-based company plans to offer 88.2 million shares at a range of $16-$18, giving the deal a proposed market cap of $5.6 billion. Goldman Sachs, Lehman Brothers, Merrill Lynch, Deutsche Bank and JP Morgan are all managing the deal. Timing has yet to be announced.
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