Jana’s Rosenstein Said to See Hertz Able to Repurchase Shares
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Hertz Global Holdings Inc., which is under shareholder pressure after accounting issues, could buy back as much as 20 percent of its shares, according to hedge fund manager Barry Rosenstein.
Rosenstein, whose Jana Partners owns more than 8 percent of the rental-car company, said today at the EnTrust Investment Summit in New York that he expects Hertz to report financials by June that will then allow the share repurchase, according to a person who attended and asked not to be named because it’s a private event.