The Hertz Corp. has received a preliminary, non-binding proposal from Ford Motor Co. to acquire, through a merger, all of the outstanding shares of Hertz Class A common stock that aren’t currently owned by Ford at a cash price of $30 per share. Ford currently owns approximately 81.5 percent of Hertz’s Class A common stock. The proposal is subject to approval of the Hertz board of directors, the board’s favorable recommendation to Hertz shareholders, and the negotiation, execution and performance of a definitive merger agreement. Hertz’s board of directors will meet soon to begin evaluating Ford’s proposal.