PARK RIDGE, N.J., Oct. 17 /PRNewswire/ -- The Hertz Corporation
(NYSE: HRZ) announced that the Special Committee of its Board of Directors has
retained Lazard and Wachtell, Lipton, Rosen & Katz as financial advisor and
special counsel, respectively, to assist the Special Committee as it evaluates
Ford Motor Company's (NYSE: F) previously announced proposal to acquire,
through a merger, all outstanding shares of Hertz Class A common stock that
are not currently owned by Ford at a cash price of $30 per share. Ford
currently owns 81.5% of Hertz Class A common stock.
Hertz is the world's largest car rental company and a leading industrial
and construction equipment rental business. Headquartered in Park Ridge,
N.J., Hertz operates from approximately 6,500 locations in over 140 countries.
SOURCE Hertz Corporation
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Related links:
http://www.hertz.com
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http://www.prnewswire.com/comp/406850.html or fax,
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CONTACT:
Richard Broome, Media Relations,
201-307-2486, or Lauren S. Babus, Investor Relations,
201-307-2337, both of Hertz Corporation
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