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

HTZ.N on New York Stock Exchange

27.83USD
19 Sep 2014
Price Change (% chg)

$0.06 (+0.22%)
Prev Close
$27.77
Open
$27.90
Day's High
$27.96
Day's Low
$27.75
Volume
122,267
Avg. Vol
1,494,300
52-wk High
$31.59
52-wk Low
$19.73

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Latest Key Developments (Source: Significant Developments)

Hertz Global Holdings Inc Reaffirms FY 2013 Revenue Guidance
Monday, 29 Jul 2013 06:00am EDT 

Hertz Global Holdings Inc has reaffirmed its guidance, provided on February 25, 2013, for fiscal 2013 consolidated revenues to be between $10.85 billion and $10.95 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $10.9 billion for fiscal 2013.  Full Article

Hertz Global Holdings Inc Updates On FY 2013 Guidance-Conference Call
Tuesday, 21 May 2013 10:30am EDT 

Hertz Global Holdings Inc announced that for fiscal 2013, it expects revenues to grow by 21.4% and earnings per share (EPS) to grow just under 45%. The Company reported revenue of $9.021 billion and EPS of $1.33 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $10.898 billion and EPS of $1.91 for fiscal 2013.  Full Article

Hertz Global Holdings Inc Reaffirms FY 2013 Guidance
Monday, 29 Apr 2013 04:10pm EDT 

Hertz Global Holdings Inc reaffirms fiscal 2013 guidance for revenues, Corporate EBITDA, adjusted pre-tax income, adjusted net income and adjusted diluted earnings per share. In 2013, the Company expects to generate worldwide revenues in the range of $10,850 million - $10,950 million, Corporate EBITDA in the range of $2,210 million - $2,270 million, adjusted pre-tax income in the range of $1,270 million - $1,340 million, adjusted net income in the range of $830 million - $875 million and adjusted diluted earnings per share in the range of $1.82 - $1.92.  Full Article

Hertz Global Holdings Inc Updates On FY 2013 Revenue Guidance; Issues FY 2013 EPS Guidance Above Analysts' Estimates-Conference Call
Wednesday, 27 Mar 2013 03:50pm EDT 

Hertz Global Holdings Inc announced that for fiscal 2013, it expects revenue growth of 21.4% and earnings per share (EPS) growth of 44.9%. The Company reported revenue of $9.021 billion and EPS of $1.33 in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $10.894 billion and EPS of $1.89 for fiscal 2013.  Full Article

Hertz Global Holdings Inc Issues FY 2013 Revenue Guidance Above Analysts' Estimates-Conference Call
Monday, 25 Feb 2013 03:00pm EST 

Hertz Global Holdings Inc announced that for fiscal 2013, it expects consolidated revenues to be between $10.85 billion and $10.95 billion. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $10.79 billion for fiscal 2013.  Full Article

Hertz Global Holdings Inc Announces Sale Of 50,000,000 Shares Of Common Stock By Selling Stockholders
Monday, 10 Dec 2012 04:19pm EST 

Hertz Global Holdings Inc announced that the sale of an aggregate of 50,000,000 shares of common stock by investment funds associated with Clayton , Dubilier & Rice, LLC, The Carlyle Group and BofA Merrill Lynch to J.P. Morgan, as the sole underwriter in the registered public offering of those shares. The shares are being sold on a pro rata basis by these investment funds, which are existing stockholders of Hertz Holdings, in accordance with their current ownership interests. Following the offering, these investment funds will continue to beneficially own an aggregate of approximately 110 million shares, or approximately 26% in the aggregate, of Hertz Holdings' outstanding common stock, calculated on an undiluted basis. The total number of outstanding shares of Hertz Holdings' common stock will not change as a result of the offering. Hertz Holdings will not receive any proceeds from the offering.  Full Article

Hertz Global Holdings Inc Completes Acquisition Of Dollar Thrifty Automotive Group, Inc.
Tuesday, 20 Nov 2012 07:00am EST 

Hertz Global Holdings Inc announced that it has completed its previously announced acquisition of Dollar Thrifty Automotive Group, Inc. As a result of the transaction, Dollar Thrifty has become a wholly owned subsidiary of Hertz. Hertz completed a tender offer in which it purchased approximately 99.6% of the shares of Dollar Thrifty common stock then outstanding at $87.50 per share in cash. Hertz subsequently acquired the remaining shares of Dollar Thrifty common stock by means of a short-form merger in which such shares were converted into the right to receive the same $87.50 per share in cash that will be paid in the tender offer. In order to accomplish the short-form merger, Hertz exercised its "top-up" option to purchase additional shares of Dollar Thrifty common stock directly from Dollar Thrifty. Dollar Thrifty's common stock will no longer be listed on the New York Stock Exchange.  Full Article

Hertz Global Holdings Inc Announces Expiration of Tender Offer to Acquire Dollar Thrifty Automotive Group, Inc.
Friday, 16 Nov 2012 06:38pm EST 

Hertz Global Holdings Inc announced that its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group, Inc. for $87.50 per share expired at 5:00 p.m., New York City time, as scheduled, and was not extended. The depositary for the tender offer has advised Hertz that, as of the expiration of the tender offer, approximately 27,956,234 shares of Dollar Thrifty common stock had been validly tendered and not validly withdrawn pursuant to the offer (which includes shares subject to guaranteed delivery procedures), representing approximately 99.6% of the total outstanding shares of Dollar Thrifty common stock. As previously announced, Hertz has reached an agreement to sell its Advantage business to Adreca Holdings Corp. (Adreca), a subsidiary of Macquarie Capital which is operated by Franchise Services of North America Inc.  Full Article

Hertz Global Holdings Inc Extends Tender Offer To Acquire Dollar Thrifty And Extends Escrow Arrangements For Related Financing
Monday, 5 Nov 2012 07:01am EST 

Hertz Global Holdings Inc announced that it has extended the expiration date of its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group, Inc. for $87.50 per share. The tender offer is now scheduled to expire at on November 16, 2012, unless further extended in accordance with the merger agreement and the applicable rules and regulations of the U.S. Securities and Exchange Commission (the SEC). The tender offer was previously scheduled to expire on November 5, 2012. Except for the extension of the tender offer expiration date, all other terms and conditions of the tender offer remain unchanged. Hertz also announced that its wholly-owned subsidiary, HDTFS, Inc. (the Escrow Issuer) has extended the escrow arrangements for its $700,000,000 aggregate principal amount of 5.875% Senior Notes due 2020 (the 2020 Notes) and $500,000,000 aggregate principal amount of 6.250% Senior Notes due 2022. Proceeds from the offering of the Notes (plus an amount equal to the interest that would accrue on the Notes from the date of issuance to, but excluding, November 24, 2012) were deposited into an escrow account to be held until the date on which certain escrow conditions are satisfied, including the substantially concurrent consummation of the tender offer and assumption of the Escrow Issuer's obligations under each series of Notes by The Hertz Corporation, a wholly-owned subsidiary of Hertz.  Full Article

Hertz Global Holdings Inc Reaffirms FY 2012 Guidance
Wednesday, 31 Oct 2012 04:50pm EDT 

Hertz Global Holdings, Inc. reaffirmed fiscal 2012 guidance and expects to generate worldwide revenues in the range of $8.9 billion to $9.0 billion, Corporate EBITDA in the range of $1.60 billion to $1.66 billion, adjusted pre-tax income in the range of $870 million to $940 million, adjusted net income in the range of $570 million to $620 million and adjusted diluted earnings per share in the range of $1.28 to $1.38 (based on 450 million shares). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $8.9 billion, EBITDA of $1.61 billion, net income of $595 million and EPS of $1.32 for fiscal 2012.  Full Article

US STOCKS-Hertz, Ulta Salon among biggest premarket movers

NEW YORK, Sept 12 - Hertz Global and Ulta Salon Cosmetics were among the biggest premarket movers on Friday, with both companies rallying on heavy volume.

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