The Ford Motor Company had actually put Hertz, a completely owned subsidiary, up for sale in April 2005, and in June 2005 Hertz went into a dual-track procedure, that would result in its sale or a preliminary public offering (IPO). The case offers comprehensive pro forma forecasts for the deal that permit students to analyze the synergies of the offer and approximate a value and quote for Hertz.
For trainers wanting to supply students an introduction of the function and practices of personal equity, we advise integrating the Hertz LBO case with its buddy case, "Investing in Sponsor-Backed IPOs: The Case of Hertz" (UV1409). The Hertz IPO was revealed in July 2006, simply 7 months after the LBO was finished.
PUBLICATION DATE: February 17, 2009 PRODUCT #: UV1056-PDF-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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