Republic buys Value Rent-A-Car

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Wayne Huizenga's Republic Industries said it will buy Value Rent-A-Car, adding it to the rental car brands it already owns: National Car Rental System, Alamo Rent-A-Car and Spirit Rent-A-Car. Value is being purchased from Mitsubishi Motor Sales of America for $77.5 million in cash or Republic common stock. Republic said it doesn't expect to change Value's ad agency, Gray Kirk/VanSant, Baltimore.

Copyright June 1997, Crain Communications Inc.

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