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Mergers & Acquisitions

Hertz Gets $4.2B Purchase Bid in Plan to Exit Bankruptcy

The buyers, Knighthead Capital Management and Certares Management, would take at least a majority share and as much as 100% of the company. The proposed plan would pay in full all of Hertz's existing first- and second-lien debt and provide a 70% cash recovery to general unsecured creditors.

Navotar Rental Software Acquired by Valsoft

Navotar, a Canadian-based car rental software provider, is joining Valsoft Corp. Inc., a company specializing in the development of vertical market software business. This is the third car rental software company acquired by Valsoft.

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