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>> HEDGE FUNDS Latest News

DEC 31, 2013 - TheStreet

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No Need to Speculate on Third Point's Hertz Stake

NEW YORK (TheStreet) - A day after Hertz enacted a so-called poison pill, CNBC reports that hedge fund Third Point Capital Management has built up a 5% stake in the rental car giant and that another hedge fund shareholder, Corvex Management, has engaged with management about the company's strategic planning. Hertz said in its late Monday press release that it "has had dialogue with a number of shareholders and welcomes their input towards the goal of enhancing shareholder value." When reached by email, Third Point declined to comment on the CNBC report. A message left with Corvex ... Read More

Tags: No Need to Speculate on Third Point's Hertz Stake,  Hedge Funds Latest News