Hertz Global Holdings, Inc.
Volume 157 · 157 F.T.C. 1837
Cite this decision
Hertz Global Holdings, Inc., 157 F.T.C. 1837 (2014). Consumer Law Library, https://consumerlawlibrary.org/decisions/v157-0058
Report an error in this record (decision id v157-0058)
Cited by 0 later FTC decisions
Cites
Text (OCR of the scan at left; may contain errors)
IN THE MATTER OF HERTZ GLOBAL HOLDINGS, INC.
Docket No. C-4376. Order, January 30, 2014 Letter responding to the Petition for Approval for the Sale of Simply Wheelz D/B/A Advantage filed by Franchise Services of North America. LETTER ORDER APPROVING DIVESTITURE OF CERTAIN ASSETS Craig M. Geno, Esquire Law Offices of Craig M. Geno, PLLC Dear Mr. Geno:
This letter responds to the Petition for Approval for the Sale of Simply Wheelz D/B/A Advantage (“Advantage”) filed by Franchise Services of North America (“FSNA”) on January 2, 2014 (“Petition”). The Petition requests that the Federal Trade Commission approve, pursuant to the Order in this matter, the sale and assignment of certain Advantage assets to The Catalyst Capital Group Inc. The Petition was placed on the public record for comments until January 22, 2014, and four comments were received.
After consideration of the proposed divestiture as set forth in FSNA’s Petition and supplemental documents, as well as other available information, the Commission has determined to approve the proposed sale. In according its approval, the Commission has relied upon the accuracy and completeness of information submitted and representations made in connection with FSNA’s Petition. Among the representations relied on is the representation that Catalyst agrees that the assets it acquires from FSNA remain, for three years from the date the Order became final (until July 10, 2016), subject to the prior approval requirements of the Order.
By direction of the Commission, Commissioner Wright not participating.
VOLUME 157 Interlocutory Orders, Etc.