Hertz Global Holdings Inc. won a bankruptcy judge’s approval to raise up to $1 billion in new equity from a counterintuitive stock rally, a seemingly unprecedented move for a large bankrupt company eager to capitalize on market anomalies.
Judge Mary Walrath of the U.S. Bankruptcy Court in Wilmington, Del., authorized Hertz to seize the opportunity to raise money from a stock market that has shown strong interest in the company’s shares despite its severe financial strain.
..."can" - Google News
June 13, 2020 at 05:29AM
https://ift.tt/3cVA1Dl
Bankrupt Hertz Can Tap Market Frenzy to Sell ‘Potentially Worthless’ Stock - The Wall Street Journal
"can" - Google News
https://ift.tt/2NE2i6G
https://ift.tt/3d3vX4n
Bagikan Berita Ini
0 Response to "Bankrupt Hertz Can Tap Market Frenzy to Sell ‘Potentially Worthless’ Stock - The Wall Street Journal"
Post a Comment