SAN FRANCISCO (AFX) - Ford Motor Co. shares attracted heavy volume after the closing bell Monday following news that the car company is selling Hertz Corp.

The Nasdaq-100 After Hours Indicator, which tracks the evening action of the technology-heavy index's leading shares, was down 0.11 point to 1.612.09.

Shares of Ford added 1% to $10.02 after the company announced it has agreed to sell Hertz Corp to an investor group of private equity firms for $15 billion including debt. The acquiring investor group is composed of Clayton Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity. Under the terms of the agreement, Ford will receive $5.6 billion for the equity of Hertz.

Openwave Systems Inc. shares fell more than 1% to $18.35 after the company announced it has named Harold Covert chief financial officer, effective Oct. 1. Covert succeeds Joshua Pace, who will continue to serve as an adviser to the company through the end of the year. Covert will step down from the Redwood City, Calif.-based software company's board when he assumes the role of CFO.

Shares of Majesco sank 23% to $1.89 after the company swung to a loss on revenue that sank 86%. The video game and digital entertainment company said sales for the period were $4.6 million compared to $34 million last year. Net losses for the quarter came in at $37.5 million, or $1.69 a share, compared to profits of $20.5 million, or $1.06 a share, for last year. Analysts were expecting a loss of 65 cents a share on revenue of $7.8 million, according to consensus estimates from Thomson First Call.

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