Friday, June 12, 2020

Hertz wins court approval to offer potentially worthless stock

The car-rental giant is seeking to take advantage of the recent improbable rally in its shares to help resolve the massive debts that forced it into bankruptcy. The unsecured creditors committee backed the unusual move, which the company said could raise as much as $1 billion.



from Section Page News - Automotive News https://ift.tt/37oawtc

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