Billionaire Icahn reveals stake in Hertz plans to push management


A 2006 file photo of Carl Icahn, one of the world's most outspoken activist investors. He spent US$470.5mil for the 38.8 million Hertz Global Holdings Inc shares he owns, and says he may seek a board seat - AFP Photo.

BOSTON: Billionaire investor Carl Icahn said on Wednesday that he owns an 8.5% stake in Hertz Global Holdings Inc and plans to pressure the rental car company's management over accounting issues and operational failures.

Icahn, one of the world's most outspoken activist investors, spent US$470.5mil for the 38.8 million shares he owns, according to a regulatory filing.

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