1. Billionaire Investor Carl Icahn Dumped all of his Hertz Shares at an Almost $2 Billion Loss After the Car Rental Giant's Bankruptcy

    Billionaire Investor Carl Icahn Dumped all of his Hertz Shares at an Almost $2 Billion Loss After the Car Rental Giant's Bankruptcy

    Carl Icahn gives an interview on FOX Business Network in 2014 Reuters Carl Icahn dumped his 39% stake in Hertz at a loss of nearly $2 billion on Tuesday. The billionaire investor sold his 55.3 million shares for less than $40 million after the car-rental agency filed for bankruptcy last week, a financial filing showed . "I sold my equity position at a significant loss, but this does not mean that I don't continue to have faith in the future of Hertz," Icahn said in the filing...

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    1. I sold my equity position at a significant loss, but this does not mean that I don't continue to have faith in the future of Hertz.
    2. Unfortunately because of Covid-19 which has caused an extremely rapid and substantial decrease in travel, Hertz has encountered major financial difficulties and I support the Board in their conclusion to file for bankruptcy protection.
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