Tagged HTZ

JANA Partners Supports Thomson to be Hertz’s CEO

November 6, 2014  Board of Directors Hertz Global Holdings, Inc. 999 Vanderbilt Beach Road, 3rd floor Naples, FL 34108 c/o: Linda Fayne Levinson, Independent Non-Executive Chair of the Board  Ladies & Gentlemen,  JANA Partners LLC (“we” or “us”) beneficially owns approximately 7% of the outstanding shares of Hertz Global Holdings, Inc. (“Hertz” or the “Company”). We…

JANA Gets Involved with Hertz

(Market Cap $9B; JANA owns 7%; The 32,046,708 shares (including options to purchase 11,378,815 Shares) reported herein by the Reporting Person were acquired at an aggregate purchase price of approximately $579 million. ) The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person has…

Carl Icahn Files 13D on Hertz

(Market Cap $13.6B; Icahn owns 8.48% at a total cost of $470.5M including options)   Purpose of Transaction   The Reporting Persons acquired their positions in the Shares in the belief that they were undervalued. The Reporting Persons intend to have discussions with representatives of the Issuer’s management and board of directors relating to shareholder…

Hertz to Spin Off Rental Biz

(Market Cap $12.2B) The Hertz Corporation has approved plans to separate into two independent, publicly traded companies. The two companies will be “Hertz,” comprised of the Hertz, Dollar, Thrifty and Firefly rental car businesses as well as Donlen, a provider of fleet leasing and management services, and “HERC,” the Hertz Equipment Rental Corporation. The separation…

Hertz Global May Spinoff Unit

(See earlier post on HTZ dated 5/9/11) (Reuters) – Hertz Global Holdings Inc , which has made a renewed bid for smaller rival Dollar Thrifty Automotive Group , may consider spinning off its equipment rental unit to focus on its car rental business, a top executive said. The equipment business, which rents out excavators, electrical…