Hertz Global Stock Surges On News Of Poison Pill, Activist Interest

Hertz Global Holdings, Inc. (NYSE:HTZ) is up nearly 8% on the day after the firm adopted a “poison pill” plan designed to prevent investors from acquiring a controlling stake in the car and equipment rental business.

Dan Loeb’s stake in Hertz Global

CNBC’s Scott Wapner is reporting that activist investor Dan Loeb has taken less than a 5% stake in Hertz Global Holdings, Inc. (NYSE:HTZ), which comes on the back of former Carl Icahn protégée Keith Meister of Corvex Capital taking a stake in Hertz.  Speculation on CNBC was that a yet unidentified...