Renowned investor Bill Ackman and his firm, Pershing Square Capital Management, have made a noteworthy acquisition of shares in Hertz Global Holdings Inc. $HTZ. At the end of last year, the fund began building its position, which now accounts for nearly 20% of the car rental company's shares. This move reflects Ackman’s confidence in Hertz's restructuring strategy and the potential for increased vehicle value.

Hertz Global Holdings $HTZ achieved a significant legal victory on Friday when a lawsuit from warrant holders was dismissed. This decision potentially saves the car rental giant from paying hundreds of millions of dollars following a series of financial maneuvers.