Report: Hertz to spin off construction rental business

|About: Hertz Global Holdings, Inc. (HTZ)|By:, SA News Editor

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.