Hertz Planning IPO

Less than a year after being taken private, Hertz Global Holdings Inc. is making preparations to go public again.

Underwriters on Friday set a pricing range for the car-rental company’s upcoming initial public offering of 88.2 million shares of $16 to $18 per share.

A group of private equity companies bought Hertz, of Park Ridge, N.J., in December from Ford Motor Co. for $5.6 billion in cash and assumption of $10 billion in debt.

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