Deals
Icahn Takes 8.5% Stake in Hertz; May Seek Talks, Board Seat
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Carl Icahn, the activist investor, took an 8.5 percent stake in Hertz Global Holdings Inc., the billionaire said in a filing.
He plans to seek meetings with the company and may pursue representation on the board, according to the filing. He wants to discusss accounting issues and operational failures related to the company’s underperformance relative to peers and a “lack of confidence in management,” according to the filing.