Icahn boosts Hertz stake, again

  • By Business Observer Staff
  • | 10:00 a.m. January 2, 2015
  • | 0 Free Articles Remaining!
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Carl Icahn recently boosted his stake in Hertz. Again.

Icahn's funds now own a total of 11.3% of the shares of the car-rental giant that moved its headquarters to Naples last year. The company is building a new corporate campus in nearby Estero.

Shares of Hertz (symbol: HTZ) rose nearly 6% on the day after Icahn disclosed his growing stake. On Dec. 22, shares closed at $22.57.

 

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