Business

Mass. Movers

Hertz adopts ‘poison pill’ provision

Hertz also runs the Dollar and Thifty rental brands.

Istockphoto

Hertz also runs the Dollar and Thifty rental brands.

Rental car company Hertz Global Holdings has adopted a one-year shareholder rights plan because of what it calls ‘‘unusual and substantial activity’’ involving its shares. Hertz, which is based in New Jersey and has dozens of rental locations in Massachusetts, said the plan often referred to as a ‘‘poison pill’’ will take effect if a person or group acquires a 10 percent stake in the company. Or the plan could go forward if a passive institutional investor acquires a 15 percent stake.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com