Seeking Alpha

Report: Hertz to spin off construction rental business

  • Hertz (HTZ) will likely spin off its construction rental business, according to Financial Times.
  • The spinoff will valuate the business at close to $4.5B.
  • Activist investors have been calling for the action for several years.
  • An announcement is expected later this week.
  • HRZ +8.2% premarket.
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