Kenneth Heebner, who once ranked as America’s No. 1 stock picker, took new positions in Goldman Sachs Group Inc. and Hertz Global Holdings Inc., while selling out of Bank of America Corp. and Herbalife Ltd.
Hertz Global Holdings Inc., awaiting final U.S. antitrust approval for its acquisition of Dollar Thrifty Automotive Group, is among rental-car companies enjoying price increases not seen since before the recession.
Hertz Global Holdings Inc., the largest publicly traded U.S. auto-rental chain, said it will move its headquarters to Florida from New Jersey following its acquisition of Dollar Thrifty Automotive Group.
U.S. antitrust regulators are investigating whether Macquarie Group Ltd.’s private-equity arm violated a consent decree allowing it to buy the Advantage rental car brand from Hertz Global Holdings Inc., two people familiar with the matter said.
Six weeks in as chief executive officer of Dollar Thrifty Automotive Group Inc., Scott Thompson was facing a roomful of bankers who had loaned the rental-car company $2.5 billion and were having second thoughts.
Dollar Thrifty Automotive Group Inc. shareholders may extract the biggest price increase of any takeover in America as Hertz Global Holdings Inc. and Avis Budget Group Inc. vie for control of the car-rental company.