Billionaire Carl Icahn exits Hertz with 'significant' loss

Icahn, who was the largest shareholder in Hertz, sold all the 55.34 million shares on Tuesday at 72 cents per share, according to a regulatory filing

NEW YORK: Billionaire investor Carl Icahn said on Wednesday he had sold his entire equity position in Hertz Global Holdings Inc at a "significant loss", days after the car rental pioneer filed for bankruptcy protection.

Icahn, who was the largest shareholder in Hertz, sold all the 55.34 million shares on Tuesday at 72 cents per share, according to a regulatory filing https://bit.ly/3enMoJw.