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IPO to shed light on Hertz.

Publication: Business Travel News
Publication Date: 31-JUL-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Less than two years after being sold by Ford Motor Co. to private equity firms, Hertz Global Holdings once again is going public with a $1 billion initial public offering registered with the U.S. Securities and Exchange Commission in mid-July.

The most obvious potential impact to travel managers would be the availability of more company data from Hertz in its regular filings, said Neil Abrams, president of Purchase, N.Y.-based Abrams Consulting Group. "Before, as a private company, their most important numbers were not available," Abrams said. "Their full numbers will now be visible and transparent."

In fact, the move is part of a shift to an era in which...

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