Hertz Global Holdings shareholders have sold 50 million shares of its common stock.
Clayton, Dubilier & Rice (CDR), Carlyle Group and Bank of America Merrill Lynch sold the shares to Goldman Sachs. After the stock sale, the investment funds will continue to own an around 39% of Hertz’s outstanding common stock. The total number of outstanding shares of Hertz common stock will not change, as a result of the offering.
Click here for the release from Market Wire.