EX-99.A23 2 ex99-a23.txt EXHIBIT (a)(23) NEWS Contact: Ford Motor Company IMMEDIATE RELEASE Media: Todd Nissen FORD COMPLETES TENDER OFFER 313.594.4410 FOR HERTZ PUBLIC SHARES tnissen@ford.com DEARBORN, Mich., March 5 - Ford Motor Company Securities Analysts: [NYSE:F] today announced the successful completion ------------------- of its tender offer for the publicly held shares Mike Holland of Class A common stock of The Hertz Corporation 313.323.8221 [NYSE: HRZ] for $35.50 a share. mholland1@ford.com The offer expired at midnight EST on March 2. Shareholder Inquiries: Based on preliminary information, 19,375,185 of 800-555-5259 or the approximately 20 million publicly traded 313-845-8540 shares of Hertz Class A common stock were tendered stockinfo@ford.com by the expiration date. Ford FSG Inc., a Ford subsidiary through which the tender offer was made, has accepted for payment all validly tendered shares and expects to make payment to the depositary for the accepted shares on March 6. Media Information Center 1.800.665.1515 or The tendered shares, together with the Hertz Class 1.313.621.0504 A shares already owned by Ford, represent more media@ford.com than 90 percent of Hertz's outstanding Class A common stock. Ford and Hertz will now complete the transaction by merging a subsidiary of Ford FSG with Hertz. Hertz will then become an indirect wholly owned subsidiary of Ford Motor Company. As part of the merger, each of the remaining Hertz Class A shares, other than shares for which appraisal Go to http://media.ford.com rights have been demanded, will be converted into for news releases and $35.50 in cash, without interest. Completion of high-resolution photographs. the merger is expected in about a week.