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Stock Market & Financial Investment News

News Breaks
November 20, 2012
07:02 EDTDTG, HTZHertz Global completes acquisition of Dollar Thrifty
Hertz Global Holdings announced that it has successfully completed its previously announced acquisition of Dollar Thrifty Automotive Group (HTZ). As a result of the transaction, Dollar Thrifty (DTG) has become a wholly owned subsidiary of Hertz. Hertz completed a tender offer in which it purchased approximately 99.6% of the shares of Dollar Thrifty common stock then outstanding at $87.50 per share in cash. Hertz subsequently acquired the remaining shares of Dollar Thrifty common stock by means of a short-form merger in which such shares were converted into the right to receive the same $87.50 per share in cash that will be paid in the tender offer. In order to accomplish the short-form merger, Hertz exercised its "top-up" option to purchase additional shares of Dollar Thrifty common stock directly from Dollar Thrifty. Dollar Thrifty's common stock will no longer be listed on the New York Stock Exchange.
News For DTG;HTZ From The Last 14 Days
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September 19, 2014
08:05 EDTHTZHertz says China partner IPOs in Hong Kong
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September 16, 2014
08:06 EDTHTZHertz and Carl Icahn reach agreement regarding board appointments
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September 12, 2014
09:54 EDTHTZHertz rises, levels to watch
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09:14 EDTHTZOn The Fly: Pre-market Movers
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06:56 EDTHTZHertz volatility expected to move on agreement-in-principle with Carl Icahn
Hertz Global volatility may move reaching an agreement-in-principle with Carl Icahn to add three representatives to its board. Overall option implied volatility of 37 is near its 26-week average of 36 according to Track Data, suggesting non-directional price movement.
September 11, 2014
18:35 EDTHTZOn The Fly: After Hours Movers
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16:18 EDTHTZHertz reaches agreement-in-principle with Carl Icahn to add three directors
Hertz announced that it has reached an agreement-in-principle with Carl C. Icahn and affiliated entities to appoint Vincent J. Intrieri, Samuel Merksamer and Daniel A. Ninivaggi to the company's board as new independent directors. In connection with the anticipated director appointments, three existing directors will retire from the board, effective upon the appointments of the new directors to the board. In this connection, Icahn has agreed not to run a proxy contest at the company's 2015 Annual Meeting of Shareholders and to vote in favor of the company's nominees at the Annual Meeting. Two of the new directors will be part of the five-person search committee leading the process to find a permanent CEO of Hertz. Following the contemplated appointments and retirements, Hertz will have a nine-person Board, with the Board expanded to 10 directors upon the appointment of a permanent CEO. Under the agreement-in-principle, the company's shareholder rights plan will be amended to increase the triggering percentage to 20% and to implement other changes. The agreement-in-principle remains subject to negotiation and execution of definitive documentation.
16:17 EDTHTZHertz reaches agreement-in-principle with Carl Icahn to add three directors
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05:53 EDTHTZStocks with implied volatility movement; SDS HTZ
Stocks with implied volatility movement; UltraShort S&P500 ProShares (SDS) 24, Hertz (HTZ) 38 according to iVolatility.
September 10, 2014
09:06 EDTHTZHertz appoints Christian J. Cunningham as Chief Human Resources Officer
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09:06 EDTHTZHertz appoints Christian J. Cunningham as Chief Human Resources Officer
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06:43 EDTHTZTypo causes confusion Icahn's stake in Gannett, NY Times says
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September 8, 2014
10:36 EDTHTZHertz spikes higher as CEO Frissora resigns amid shareholder pressure
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09:24 EDTHTZ, DTGHertz CEO stepping down a near-term positive, says Wells Fargo
Wells Fargo views the decision for Mark Frissora to step down as Chairman and CEO of Hertz (HTZ) as a prudent one that reduces the chances management and the board could get unnecessarily distracted from fixing operations and sees the change as a near-term positive for the stock. The firm thinks a thorough search for a new CEO is needed and believes former Dollar Thrifty (DTG) CEO Scott Thompson could be a candidate for the opening. Wells maintains its Outperform rating on Hertz.
09:12 EDTHTZOn The Fly: Pre-market Movers
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08:19 EDTHTZHertz volatility expected to move on Frissora to step down as Chairman and CEO
Hertz Global volatility may move after announcing Mark Frissora to step down as Chairman and CEO. Overall option implied volatility of 35 is near its 26-week average of 36 according to Track Data, suggesting non-directional price movement.
08:07 EDTHTZHertz jumps 6% after announcing Chairman Frissora steps down
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08:04 EDTHTZHertz announces Mark Frissora to step down as Chairman and CEO
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