The new bid values Hertz at $6.2 billion and would pay unsecured bondholders in full.
Hertz Completes Sale of Donlen to Athene Holding
Hertz received $891 million in cash for the sale of the fleet management company.
Hertz received $891 million in cash for the sale of the fleet management company.
SambaSafety's online training will be added to SambaSafety's continuous driver monitoring solution, Qorta, with a new acquisition.
The Goodyear Tire & Rubber Co. has entered into an agreement to acquire Cooper Tire & Rubber Co. in a deal valued at about $2.8 billion. The transaction is expected to close in the second half of 2021.
Stellantis, the merger between Fiat Chrysler Automobiles and Groupe PSA, will “embrace electrification, connectivity, autonomous driving, and shared ownership,” the company said.
Private equity firm Brightstar Capital Partners has acquired a majority stake in Amerit Fleet Solutions, with an expansion strategy designed to help the company match e-commerce demands.
Through the acquisition of Lemon Squad, Wrench customers and fleet operators can now schedule on-site, pre-purchased vehicle inspections directly through the Wrench mobile app.
Omnitracs is buying SmartDrive, a move the companies say will create a converged, end-to-end platform that optimizes safety, driver productivity, and workflow, as well as routing, dispatch, and compliance.
Lordstown will list on NASDAQ through a merger with DiamondPeak Holdings Corp. The EV maker has received more than 27,000 pre-orders for its Endurance electric pickup, primarily from commercial fleet customers.
FCA and PSA announced that the corporate name of their new group from a split merger will be "Stellantis," following a Combination Agreement announced in December 2019.