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]