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Article: Management-led group buys National Car Rental. (National Car Rental System Inc.)
- Article from:
- PR Newswire
- Article date:
- August 5, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MANAGEMENT-LED GROUP BUYS NATIONAL CAR RENTAL
MINNEAPOLIS, Aug. 5 /PRNewswire/ -- Fidelco Capital Group has concluded negotiations with all other shareholders of National Car Rental System Inc. for a management-led buy-out of National.
The buy-out is contingent upon the conclusion of financing and other arrangements to restructure the organization.
As part of the transaction, it is anticipated that General Motors Corp. would acquire a minority interest in the ...