Hertz Buys Donlen in $930M Deal

Hertz Global Holdings will pay $250 million to acquire Donlen Corp., a provider of fleet leasing and management services. Hertz will also assume approximately $680 million of Donlen's outstanding fleet debt. The deal is expected to close during the third quarter. Based in Northbrook, Illinois, Donlen manages more than 144,000 vehicles across North America.

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