Hertz Prices IPO Below Range

Hertz Global Holdings Inc., a Park Ridge, N.J.-based automobile and equipment rental company, priced 88.235 million common shares at $15 per share ($16-$18 forecast), for an IPO take of approximately $1.32 billion. It will trade on the NYSE under ticker symbol HTZ, while Goldman Sachs, Merrill Lynch and Lehman Brothers serving as co-lead underwriters. Hertz was bought out from Ford Motor Co. last year for around $15 billion by Clayton, Dubilier & Rice, Carlyle Group and Merrill Lynch Global Private Equity. www.hertz.com