Carl Icahn Moves On Hertz Global Holdings, Inc.

Carl Icahn has an 8.48% stake (38,800,000 shares) in Hertz Global Holdings, Inc. (NYSE:HTZ) according to a just released 13D filing with the Securities and Exchange Commission, amounting to about $1.2 billion at yesterday’s closing price, calling the stock ‘undervalued’. News that Icahn is moving in looks to have saved Hertz from what would have been a terrible trading day after yesterday’s lowered guidance.

Carl Icahn's filing saved what would have been a terrible day for Hertz

Hertz Global Holdings, Inc. (NYSE:HTZ) warned investors yesterday that its 2014 earnings would come in well below guidance both because of the huge...