Icahn Files 13D on Hertz Global Holdings (HTZ); Seeks Talks with Management
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In a 13D filing on Hertz Global Holdings (NYSE: HTZ), activist hedge fund manger Carl Icahn disclosed a 8.48%, or 38,800,000 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending June 30, 2014.
More from the 13D:
The Reporting Persons acquired their positions in the Shares in the belief that they were undervalued. The Reporting Persons intend to have discussions with representatives of the Issuer's management and board of directors relating to shareholder value, accounting issues, operational failures, underperformance relative to its peers and the Reporting Persons' lack of confidence in management. The Reporting Persons may also seek shareholder board representation if appropriate.
The Reporting Persons may, from time to time and at any time: (i) acquire additional Shares and/or other equity, debt, notes, instruments or other securities (collectively, "Securities") of the Issuer (or its affiliates) in the open market or otherwise; (ii) dispose of any or all of their Securities in the open market or otherwise; or (iii) engage in any hedging or similar transactions with respect to the Securities.
Name of Reporting Person | Date of Transaction | Amount of Securities | Price Per Share |
High River Limited Partnership | 06/23/2014 | 80,869.00 (1) | 10.91 (2) |
High River Limited Partnership | 06/24/2014 | 113,946.00 (1) | 10.86 (2) |
High River Limited Partnership | 06/25/2014 | 223,159.00 (1) | 10.46 (2) |
High River Limited Partnership | 06/26/2014 | 123,321.00 (1) | 10.48 (2) |
High River Limited Partnership | 06/27/2014 | 83,652.00 (1) | 10.53 (2) |
High River Limited Partnership | 06/30/2014 | 165,172.00 (1) | 10.59 (2) |
High River Limited Partnership | 07/01/2014 | 20,462.00 (1) | 10.97 (2) |
High River Limited Partnership | 07/07/2014 | 29,646.00 (1) | 10.98 (2) |
High River Limited Partnership | 07/08/2014 | 94,727.00 (1) | 10.81 (2) |
High River Limited Partnership | 07/09/2014 | 45,623.00 (1) | 10.87 (2) |
High River Limited Partnership | 07/10/2014 | 29,020.00 (1) | 10.92 (2) |
High River Limited Partnership | 07/11/2014 | 3,620.00 (1) | 10.95 (2) |
High River Limited Partnership | 07/17/2014 | 26,612.00 (1) | 10.98 (2) |
High River Limited Partnership | 07/18/2014 | 140.00 (1) | 11.01 (2) |
High River Limited Partnership | 07/21/2014 | 28,764.00 (1) | 10.97 (2) |
High River Limited Partnership | 07/24/2014 | 24,539.00 (1) | 10.99 (2) |
High River Limited Partnership | 07/25/2014 | 75,273.00 (1) | 10.97 (2) |
High River Limited Partnership | 07/28/2014 | 57,623.00 (1) | 10.80 (2) |
High River Limited Partnership | 07/29/2014 | 100,000.00 (1) | 10.86 (2) |
High River Limited Partnership | 07/30/2014 | 19,632.00 (1) | 10.97 (2) |
High River Limited Partnership | 07/31/2014 | 199,311.00 (1) | 10.75 (2) |
High River Limited Partnership | 08/01/2014 | 176,848.00 (1) | 10.41 (2) |
High River Limited Partnership | 08/04/2014 | 128,862.00 (1) | 10.40 (2) |
High River Limited Partnership | 08/05/2014 | 139,186.00 (1) | 10.58 (2) |
High River Limited Partnership | 08/06/2014 | 580,000.00 (1) | 9.96 (2) |
High River Limited Partnership | 08/12/2014 | 446,047.00 (1) | 11.04 (2) |
High River Limited Partnership | 08/13/2014 | 114,716.00 (1) | 11.44 (2) |
High River Limited Partnership | 08/14/2014 | 404,254.00 (1) | 11.94 (2) |
High River Limited Partnership | 08/15/2014 | 30,000.00 (1) | 11.93 (2) |
High River Limited Partnership | 08/15/2014 | 321,930.00 (1) | 12.00 (2) |
High River Limited Partnership | 08/18/2014 | 302,270.00 (1) | 13.46 (2) |
High River Limited Partnership | 08/19/2014 | 249,166.00 (1) | 13.98 (2) |
High River Limited Partnership | 08/20/2014 | 1,338,154.00 (1) | 10.50 (2) |
Icahn Partners LP | 06/23/2014 | 192,026.00 (1) | 10.91 (2) |
Icahn Partners LP | 06/24/2014 | 270,566.00 (1) | 10.86 (2) |
Icahn Partners LP | 06/25/2014 | 529,896.00 (1) | 10.46 (2) |
Icahn Partners LP | 06/26/2014 | 292,830.00 (1) | 10.48 (2) |
Icahn Partners LP | 06/27/2014 | 198,632.00 (1) | 10.53 (2) |
Icahn Partners LP | 06/30/2014 | 392,204.00 (1) | 10.59 (2) |
Icahn Partners LP | 07/01/2014 | 51,717.00 (1) | 10.97 (2) |
Icahn Partners LP | 07/07/2014 | 70,428.00 (1) | 10.98 (2) |
Icahn Partners LP | 07/08/2014 | 225,036.00 (1) | 10.81 (2) |
Icahn Partners LP | 07/09/2014 | 108,384.00 (1) | 10.87 (2) |
Icahn Partners LP | 07/10/2014 | 68,941.00 (1) | 10.92 (2) |
Icahn Partners LP | 07/11/2014 | 8,611.00 (1) | 10.95 (2) |
Icahn Partners LP | 07/17/2014 | 63,221.00 (1) | 10.98 (2) |
Icahn Partners LP | 07/18/2014 | 332.00 (1) | 11.01 (2) |
Icahn Partners LP | 07/21/2014 | 68,335.00 (1) | 10.97 (2) |
Icahn Partners LP | 07/24/2014 | 58,295.00 (1) | 10.99 (2) |
Icahn Partners LP | 07/25/2014 | 178,823.00 (1) | 10.97 (2) |
Icahn Partners LP | 07/28/2014 | 136,891.00 (1) | 10.80 (2) |
Icahn Partners LP | 07/29/2014 | 237,565.00 (1) | 10.86 (2) |
Icahn Partners LP | 07/30/2014 | 46,638.00 (1) | 10.97 (2) |
Icahn Partners LP | 07/31/2014 | 473,490.00 (1) | 10.75 (2) |
Icahn Partners LP | 08/01/2014 | 421,320.00 (1) | 10.41 (2) |
Icahn Partners LP | 08/04/2014 | 306,172.00 (1) | 10.40 (2) |
Icahn Partners LP | 08/05/2014 | 330,701.00 (1) | 10.58 (2) |
Icahn Partners LP | 08/06/2014 | 1,378,060.00 (1) | 9.96 (2) |
Icahn Partners LP | 08/12/2014 | 1,059,792.00 (1) | 11.04 (2) |
Icahn Partners LP | 08/13/2014 | 272,561.00 (1) | 11.44 (2) |
Icahn Partners LP | 08/14/2014 | 960,493.00 (1) | 11.94 (2) |
Icahn Partners LP | 08/15/2014 | 71,280.00 (1) | 11.93 (2) |
Icahn Partners LP | 08/15/2014 | 764,894.00 (1) | 12.00 (2) |
Icahn Partners LP | 08/18/2014 | 718,182.00 (1) | 13.46 (2) |
Icahn Partners LP | 08/19/2014 | 592,011.00 (1) | 13.98 (2) |
Icahn Partners LP | 08/20/2014 | 3,179,407.00 (1) | 10.50 (2) |
Icahn Partners Master Fund LP | 06/23/2014 | 131,452.00 (1) | 10.91 (2) |
Icahn Partners Master Fund LP | 06/24/2014 | 185,218.00 (1) | 10.86 (2) |
Icahn Partners Master Fund LP | 06/25/2014 | 362,739.00 (1) | 10.46 (2) |
Icahn Partners Master Fund LP | 06/26/2014 | 200,456.00 (1) | 10.48 (2) |
Icahn Partners Master Fund LP | 06/27/2014 | 135,975.00 (1) | 10.53 (2) |
Icahn Partners Master Fund LP | 06/30/2014 | 268,483.00 (1) | 10.59 (2) |
Icahn Partners Master Fund LP | 07/01/2014 | 30,130.00 (1) | 10.97 (2) |
Icahn Partners Master Fund LP | 07/07/2014 | 48,156.00 (1) | 10.98 (2) |
Icahn Partners Master Fund LP | 07/08/2014 | 153,871.00 (1) | 10.81 (2) |
Icahn Partners Master Fund LP | 07/09/2014 | 74,107.00 (1) | 10.87 (2) |
Icahn Partners Master Fund LP | 07/10/2014 | 47,139.00 (1) | 10.92 (2) |
Icahn Partners Master Fund LP | 07/11/2014 | 5,869.00 (1) | 10.95 (2) |
Icahn Partners Master Fund LP | 07/17/2014 | 43,229.00 (1) | 10.98 (2) |
Icahn Partners Master Fund LP | 07/18/2014 | 228.00 (1) | 11.01 (2) |
Icahn Partners Master Fund LP | 07/21/2014 | 46,723.00 (1) | 10.97 (2) |
Icahn Partners Master Fund LP | 07/24/2014 | 39,860.00 (1) | 10.99 (2) |
Icahn Partners Master Fund LP | 07/25/2014 | 122,269.00 (1) | 10.97 (2) |
Icahn Partners Master Fund LP | 07/28/2014 | 93,602.00 (1) | 10.80 (2) |
Icahn Partners Master Fund LP | 07/29/2014 | 162,435.00 (1) | 10.86 (2) |
Icahn Partners Master Fund LP | 07/30/2014 | 31,888.00 (1) | 10.97 (2) |
Icahn Partners Master Fund LP | 07/31/2014 | 323,752.00 (1) | 10.75 (2) |
Icahn Partners Master Fund LP | 08/01/2014 | 286,070.00 (1) | 10.41 (2) |
Icahn Partners Master Fund LP | 08/04/2014 | 209,275.00 (1) | 10.40 (2) |
Icahn Partners Master Fund LP | 08/05/2014 | 226,042.00 (1) | 10.58 (2) |
Icahn Partners Master Fund LP | 08/06/2014 | 941,940.00 (1) | 9.96 (2) |
Icahn Partners Master Fund LP | 08/12/2014 | 724,395.00 (1) | 11.04 (2) |
Icahn Partners Master Fund LP | 08/13/2014 | 186,302.00 (1) | 11.44 (2) |
Icahn Partners Master Fund LP | 08/14/2014 | 656,522.00 (1) | 11.94 (2) |
Icahn Partners Master Fund LP | 08/15/2014 | 48,720.00 (1) | 11.93 (2) |
Icahn Partners Master Fund LP | 08/15/2014 | 522,826.00 (1) | 12.00 (2) |
Icahn Partners Master Fund LP | 08/18/2014 | 490,896.00 (1) | 13.46 (2) |
Icahn Partners Master Fund LP | 08/19/2014 | 404,653.00 (1) | 13.98 (2) |
Icahn Partners Master Fund LP | 08/20/2014 | 2,173,207.00 (1) | 10.50 (2) |
For more notable holders of Hertz Global Holdings stock click here. For more information on Carl Icahn click here.
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