PE Firms Take Partial Exit from Hertz

Private equity investors Clayton, Dubilier & Rice; The Carlyle Group and Bank of America Merrill Lynch sold a combined 50 million shares in Hertz Global Holdings Inc., about 24% of their holding in the company, Reuters reported. The partial exit by the company’s three top shareholders sent shares down 3% in after-market trading, Reuters reported. After the stock sale, the three together would continue to hold a 39% stake in Hertz.

North AmericaUSBriefs