Hertz Rises on CNBC Report Icahn Bought Up to 40 Million Shares
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Hertz Global Holdings Inc. climbed to a record after CNBC reported that billionaire Carl Icahn bought as many as 40 million of the car-rental company’s shares.
The shares rose 1.9 percent to $29.22 at 11:32 a.m. in New York. Earlier, they reached $29.81, the highest intraday price since Hertz’s November 2006 initial public offering.