Hertz may exit equipment rental
Hertz is considering the sale of its Equipment rental division among other options following moves by some activist investors and unusual and substantial trading activity in its shares. The company has retained Bank of America Merrill Lynch and Barclays to “advise on improving shareholder returns” and to help defend itself against an attack by activists though the adoption of a Poison Pill strategy to block hostile investors from accumulating more than a 10 percent holding in the company. The company…
