Hertz’s board “determined that it was in the best interests of the company to terminate” the offering, according to a Thursday regulatory filing. Hertz said on Wednesday that the stock sale had been suspended while it dealt with issues brought up by Securities and Exchange Commission officials.
Hertz shares resumed trading after an hours-long halt and were down 10% to $1.80 as of 3:30 p.m. in New York. That’s a far cry from the $5.53 price at which the stock closed on June 8. The almost tenfold increase in the shares from 56 cents on May 26 initially spurred the company to approach a bankruptcy judge with plans to raise as much as $1 billion through an equity offering. It scaled back the sum after the price receded.
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SAA business rescue practitioners project 1 000 employees will be retainedBusiness rescue practitioners at SAA want the government to fund an initial working capital of no less than R2.8bn to rehabilitate the carrier. busrep so what, it is only so rich politicians can sit on their A holes and fly for FREE, State Capture was the baby THE PARENTS ARRIVED x 10 = A N Covid 19 looters and that’s how PresidencyZA and goons are fighting to keep their knees on citizens neck, , all in the name of covid 19 busrep I’m at a point that I think those BRP are useless. They are just incompetent nje. I would have done a better job. busrep Rather build houses and support the poor communities in the country!
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