Key Developments: Hertz Global Holdings Inc (HTZ.N)

HTZ.N on New York Stock Exchange

28.67USD
30 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Hertz Global Holdings Inc partners with airberlin for seamless fly-drive experience
Monday, 7 Jul 2014 08:00am EDT 

Hertz Global Holdings Inc:Entered into two year partnership with airberlin.To offer travellers exclusive offers and special car rental rates at all 171 airline's destinations around world.As result of new agreement, airline's customers will have seamless access to Hertz's products and services during online flight booking process as well as from multiple touch points on airberlin website.  Full Article

Pomerantz law firm announces filing of a class action against Hertz Global Holdings Inc
Wednesday, 25 Jun 2014 02:04pm EDT 

Pomerantz LLP:announces that a class action lawsuit has been filed against Hertz Global Holdings, Inc and certain of its officers.Complaint alleges that throughout the Class Period, Hertz and certain of its officers violated the federal securities laws by disseminating false and misleading statements to the investing public.  Full Article

Hertz Global Holdings Inc delivers winning service for tennis stars during Wimbledon
Wednesday, 25 Jun 2014 08:01am EDT 

Hertz Global Holdings Inc:Says as official transport supplier for The Wimbledon Tennis Championships Hertz company will provide 165 vehicles to chauffeur players and staff over 250,000 miles in 17,000 journeys during next two weeks.  Full Article

Rosen Law Firm, P.A announces filing of class action against Hertz Global Holdings, Inc
Friday, 20 Jun 2014 03:36pm EDT 

Rosen Law Firm, P.A:Says class action lawsuit has filed on behalf of purchasers of Hertz Global Holdings, Inc. securities during period Feb. 22, 2012 to June 6, 2014, seeking to recover losses for investors under the federal securities laws.  Full Article

Pomerantz LLP announces the filing of a class action against Hertz Global Holdings, Inc., The Hertz Corporation and Certain Officers
Wednesday, 18 Jun 2014 10:27am EDT 

Pomerantz LLP:Files class action lawsuit against Hertz Global Holdings, Inc. and certain of its officers.Class action, filed in United States District Court, District of New Jersey, is on behalf of class consisting of all persons or entities who purchased or otherwise acquired Hertz securities between Feb. 22, 2012 and June 6, 2014 both dates inclusive (Class Period).This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.  Full Article

Milberg LLP announces filing of a class action lawsuit against Hertz Global Holdings
Monday, 16 Jun 2014 03:18pm EDT 

Milberg LLP:Says class action lawsuit has been filed in United States District Court for District of New Jersey on behalf of purchasers of Hertz Global Holdings, Inc securities during the period Feb. 22, 2012 to June 6, 2014, (Class Period).  Full Article

Hertz Global Holdings Inc Joins sustainable mobility initiative Zem2All to provide electric vehicle access in Spain
Friday, 13 Jun 2014 08:00am EDT 

Hertz Global Holdings Inc:Joins in Spain Zero Emissions Mobility To All (Zem2All).Partnership with Endesa, Hertz will be renting the all-electric Nissan Leaf from its Malaga city and airport locations to help to promote sustainable and smarter city transport.  Full Article

Hertz Global Holdings Inc reaffirms FY 2014 guidance
Tuesday, 13 May 2014 05:48pm EDT 

Hertz Global Holdings Inc:Reaffirms FY 2014 guidance which it issued on March 18.Expects FY 2014 to generate worldwide revenues in the range of $11.40 billion - $11.70 billion.Expects FY 2014 corporate EBITDA in the range of $2.06 billion - $2.42 billion.Expects FY 2014 adjusted pre-tax income in the range of $1.21 billion - $1.43 billion.Expects FY 2014 adjusted net income in the range of $785 million - $925 million.Expects FY 2014 adjusted diluted earnings per share in the range of $1.70 - $2.00.FY 2014 revenue of $11.52 billion, EBITDA of $2.28 billion, net income of $864 million, pre-tax profit of $1.33 billion and EPS of $1.86 - Thomson Reuters I/B/E/S.  Full Article

Hertz Global Holdings Inc approves separation of equipment rental business
Tuesday, 18 Mar 2014 06:00am EDT 

Hertz Global Holdings Inc:Approves plans to separate into two independent, publicly traded companies.Two companies will be 'Hertz', comprised of Hertz, Dollar, Thrifty and Firefly rental car businesses as well as Donlen, a provider of fleet leasing and management services, and 'HERC', Hertz Equipment Rental Corporation.Separation is planned to be in form of tax-free spin-off to Hertz shareholders, and company has received Private Letter Ruling from Internal Revenue Service that allows Hertz to separate businesses in a tax-efficient manner.Hertz expects separation of HERC to close by early 2015.Hertz will receive net cash proceeds from HERC spin-off of about $2.5 bln that will be used to pay down Hertz debt and support newly approved $1 bln share repurchase program.Majority of shares are likely to be purchased following the HERC separation, dependent on market conditions.Share repurchases could reach 20 pct of Hertz's outstanding shares of common stock, which includes the $1 bln already approved.  Full Article

Hertz Global Holdings Inc gives FY 2014 guidance; earnings guidance below analysts' estimates
Tuesday, 18 Mar 2014 06:00am EDT 

Hertz Global Holdings Inc:Sees FY 2014 revenues of $11.40 bln - $11.70 bln.Sees FY 2014 adjusted net income of $785 mln - $925 mln.Sees adjusted diluted earnings per share of $1.70 - $2.00.FY 2014 revenues of $11.60 bln, net income of $955 mln and EPS of $2.07 - Thomson Reuters I/B/E/S.  Full Article

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