Carl Icahn Raises Stake in Hertz Global Holdings (HTZ) to 33.77%
- Wall Street dips on Trump protectionism, Qualcomm drag
- Yahoo! (YHOO) Tops Q4 EPS by 4c; Sees Verizon Deal Closing in Q2, Not Q1
- Aetna's (AET) Humana (HUM) Takeover Blocked by Judge as Anticompetative
- Trump signs order withdrawing U.S. from Trans-Pacific trade deal
- After-Hours Stock Movers 1/23: (REXX) (MRCY) (SYNC) Higher; (FSM) (OCUL) (CASC) Lower (more...)
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
In a an amended 13D filing on Hertz Global Holdings (NYSE: HTZ), hedge fund Carl Icahn disclosed a 33.77%, or 28,019,038 share, stake in the company. This is up 116.55% from the 12,938,596 shares held at the end of the latest quarter ending September 30, 2016.
All the new shares were purchased today.
Item 3 of the Schedule 13D is hereby amended by replacing it in its entirety with the following:
The Reporting Persons may be deemed to be the beneficial owner of, in the aggregate, 28,019,038 Shares. The aggregate purchase price of the Shares purchased by the Reporting Persons collectively was approximately $1,619.5 million (including commissions and premiums for options to purchase Shares). The source of funding for these Shares was the general working capital of the respective purchasers. The Shares are held by the Reporting Persons in margin accounts together with other securities. Such margin accounts may from time to time have debit balances. Part of the purchase price of the Shares was obtained through margin borrowing.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TAC Capital Files 13D on Bravo Brio Restaurant (BBRG); Adam Nominates 3 to Board
- Caterpillar (CAT) Off Lows as Einhorn was Previously Negative
- Netflix (NFLX) merits a spot in the 'bubble basket', Einhorn Says - Bloomberg
Create E-mail Alert Related Categories13Ds, Hedge Funds, Hot Hedge Fund News, Trader Talk
Related EntitiesCarl Icahn, 13D
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!