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Billionare Investor Bill Ackman Posts Hertz Investment Thesis, Proposes AV Fleet Partnership With Uber

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Billionare Investor Bill Ackman Posts Hertz Investment Thesis, Proposes AV Fleet Partnership With Uber - Benzinga

Quick Summary:

Billionaire hedge fund manager Bill Ackman posted his investment thesis for Hertz Global Holdings, Inc.(NYSE:HTZ) on Thursday, one day after disclosing his fund, Pershing Square, had built a sizable stake in the car rental company. 

The Details: Ackman confirmed a previous CNBC report that Pershing Square now holds a 19.8% stake in Hertz, making the fund the company's second-largest shareholder. 

Read Next: UnitedHealth CEO Says High Cost Of US Health Care ‘Simply Not Sustainable’ 

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Article Details

Author / Journalist: Erica Kollmann

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 20:39:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27968857

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 25 posts per day

Year Established: 2010

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News Last Updated: 8 hours ago

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Publisher ID: #53

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