Carl Icahn Raises Stake in Hertz Global Holdings (HTZ) to 33.77%

November 8, 2016 5:05 PM EST

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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.

For more notable holders of Hertz Global Holdings stock click here. For more information on Carl Icahn click here.



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