Icahn has built up Hertz stake -CNBC

NEW YORK Fri Jan 3, 2014 11:44am EST

NEW YORK Jan 3 (Reuters) - Billionaire investor Carl Icahn has acquired between 30 and 40 million shares in Hertz Global Holdings Inc and his stake-building was the reason the car rental company bolstered its takeover defenses, CNBC reported Friday, citing unidentified sources.

The business TV broadcaster also said part of Icahn's stake took the form of derivatives rather than common shares.

Shares in Hertz, which on Monday said it had adopted a "shareholder rights" plan after observing "unusual and substantial activity" in its shares, were up 1.7 percent.

Icahn was not immediately available to comment.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article