Hertz Global is seeking the approval of its bankruptcy court judge to sell up to $1 billion in equity, Bloomberg reported on June 11. If given the nod, the company would sell a maximum of 246,775,008 shares. Wall Street firm Jefferies would be the underwriter.
The move comes after shares in the car-rental company had surged some 10-fold by on June 8 from 56 cents apiece the first trading day after it filed for Chapter 11 bankruptcy protection on May 22. Shares had fallen to $2.06 each on June 11, rising to some $3 each in early trading on June 12.
Reuters AntonyMCurrie I hope they go bankrupt. They wouldn't let me rent a car over a speeding ticket that was two and a half years old. Walked over to the Budget kiosk and drove away with a car. And I am now lifetime customer.
AntonyMCurrie Great News!!! Chinese researchers developing a COVID19 vaccine say it showed promise in animal trials... produced antibodies that fought against the coronavirus in monkeys, rats, guinea pigs and rabbits.
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Bankrupt Hertz Wants to Sell Up to $1 Billion in New SharesRental-car company Hertz Global Holdings wants to capitalize on the rally in its stock seen earlier this week by selling up to $1 billion in shares, despite a bankruptcy that threatens to wipe them out. oversubscribed no doubt🤪 OttButcher Only in America! I recall General Motors has been declared bankrupt several times. American company names never dies, but the ignorant investors does. This is an immoral capitalist sham and scam.
Source: WSJ - 🏆 98. / 63 Read more »
Bankrupt Hertz Seeks Permission To Raise $1 Billion In Preposterous New Stock SaleHertz Global Holdings asked the court overseeing its Chapter 11 bankruptcy reorganization to authorize a stunning plan to raise $1 billion by selling 246.8 million new share GregMannarino might as well, right Gregory? Thanks, Yellowstain! I’d like 15 blocks short Its hertz ya, let me share
Source: Forbes - 🏆 394. / 53 Read more »
Hertz stock price soars 68% on plan to sell $1 billion in new shares - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. This is retarded. Lol like I have no words to describe this stupidity BREAKING WHO says coronavirus situation 'worsening' worldwide COVID19.,
Source: BusinessInsider - 🏆 729. / 51 Read more »
Hertz granted approval to sell up to $1 billion in sharesHertz was granted approval Friday by the U.S. Bankruptcy Court for the District of Delaware to sell up to $1 billion in shares of the bankrupt car rental company. What a time to be alive Maybe they’ll kill Uber finally
Source: CNBC - 🏆 12. / 72 Read more »
Bankrupt Hertz can sell $1 billion in new stock, judge rules - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 'A blow to traders' Really? These people probably couldn't fog a mirror, let alone explain what bankruptcy proceedings look like Hertz Avis Enterprise But you want to sell cars above Kelly Blue Book value? Your greed will be the end of you. If you want to make money, you need to make the cars you are selling VERY affordable. Totally incomprehensible bullshit
Source: BusinessInsider - 🏆 729. / 51 Read more »