PARK RIDGE, N.J. -

On Tuesday, Hertz Global Holdings announced the sale of 50 million shares of common stock by the investment funds associated with Clayton, Dubilier & Rice LLC, The Carlyle Group and Bank of America Merrill Lynch that currently hold shares of common stock to Goldman, Sachs & Co. as the sole underwriter in the registered public offering of those shares.

All of the shares are being sold on a pro rata basis by these investment funds, which are existing stockholders of Hertz Holdings, in accordance with their current interests, according to officials.

Following the offering, the investment funds will continue to own an aggregate of approximately 160 million shares, or approximately 39 percent in the aggregate, of Hertz Holdings’ outstanding common stock after giving effect to the offering, executives said.

The total number of outstanding shares of Hertz Holdings’ common stock will not change as a result of the offering.