Reuters - CD&R, Carlyle, BofA Sell Remaining Hertz Stake

Hertz Global Holdings' private equity investors Clayton, Dubilier & Rice, Carlyle Group and Bank of America Merrill Lynch have sold off their remaining shares in the car rental agency for $1.24 billion, writes Reuters. CD&R, Carlyle and Bank of America Merrill Lynch sold 49.8 million shares for $24.96 each. Before the sales, CD&R and Carlyle were the second and third largest shareholders in Hertz, respectively, according to Thomson Reuters data.

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