Icahn exits Hertz with loss after bankruptcy filing

Billionaire investor Carl Icahn sold his entire stake in Hertz Global Holdings Inc., days after the company filed for bankruptcy.

Icahn, who was the company's largest shareholder, reportedly sold the shares at a loss.

"I intend to closely follow the company's reorganization and I look forward to assessing different opportunities to support Hertz in the future," he said in a regulatory filing.

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