Come on Baby, Make it Hertz so Good: Rental Corp. Goes for $5.6 Bil

In addition to uncovering tasty tidbits about famed DC punk singer Ian MacKaye's mom yesterday, we also reported that the sale of Hertz could be worth up to $15 billion for the House that Henry Built. The truth is somewhat more underwhelming: the rental-car business went for a paltry 5.6 billlion in cash, just slightly more than a third of yesterday's apparently wild-ass prognostication. The winners? Clayton Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity; one of two investment consortiums reported to be interested in Hertz.

Ford sells Hertz for $5.6 billion in cash deal [Detroit News]

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Love Hertz: Ford Close to Deal For Rental Company Sale