- Hertz (HTZ) adopts a one-year shareholder rights plan after observing "unusual and substantial activity in the company's shares."
- HTZ says that although it is not company policy to "comment on specific discussions with shareholders [it] has had dialogue with a number of shareholders and welcomes their input towards the goal of enhancing shareholder value."
- The plan: "HTZ is issuing one preferred share purchase right for each current share of common stock outstanding at the close of business on January 9, 2014." (PR)
- HTZ +3% AH
Hertz adopts poison pill
Dec 30 2013, 16:43 ET