Deutsche Bank Comments on Rumored Hertz (HTZ) HERC Spiin-Off
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Hertz (HTZ) Approves Spin of Equipment Rental Unit
March 18, 2014 6:03 AM EDTThe Hertz Corporation (NYSE: HTZ) announced that its board of directors 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 is planned to be in the form of a tax-free spin-off to Hertz shareholders, and the Company has received a Private Letter Ruling from the Internal Revenue Service that allows Hertz to separate the... More
Hertz Global (HTZ) Poised to Open Higher on HERC Spin-Off Rumors
March 17, 2014 7:49 AM EDTHertz Global (NYSE: HTZ) is poised to open higher Monday as it prepares to announce a spin-off of its equipment rental business (HERC), according to FT. The unit may be valued at $4.5 billion. An announcement is expected this week.... More
