Hertz Delisted from NYSE: What Does it Mean?
Hertz will continue to trade on the over-the-counter (OTC) market, where the majority of stocks sold are penny stocks.
October 30, 2020
Hertz will continue to trade on the over-the-counter (OTC) market, where the majority of stocks sold are penny stocks.
October 30, 2020
Brooks previously had served as senior vice president, internal audit at Hertz since June 2020.
October 19, 2020
Up to $1 billion can be used to provide equity for vehicle acquisition in the U.S. and Canada.
October 16, 2020
Hertz says the recent increases in its stock “present a unique opportunity for its debtors to raise capital on terms that are far superior to any debtor-in-possession financing.”
June 12, 2020
The potential delisting pertains to New York Stock Exchange regulations that require the average daily closing price of the company’s stock to be more than $1 a day over a consecutive 30-day trading period.
June 10, 2020
The loss will cost Icahn an estimated $1.6 billion.
May 28, 2020
All of Hertz's businesses globally remain open. International operating regions including Europe, Australia, and New Zealand are not included in the bankruptcy, nor are Hertz's franchised locations.
May 23, 2020
Hertz’s board of directors has named Paul Stone, most recently head of retail operations in North America, to assume the role of CEO and president, effective immediately.
May 18, 2020
Hertz’s lenders have given the company until May 22 “to develop a financing strategy and structure that better reflects the economic impact of the Covid-19 global pandemic.”
May 5, 2020
Hertz expects to incur an aggregate cost of approximately $30 million relating to these workforce reductions.
April 20, 2020
The Hertz Corporation is the first car rental company to earn this title from Ethisphere.
February 26, 2020
Results dampened by a decrease in international revenues, safety recalls, and increases in per-unit, per-month depreciation.
February 25, 2020
Multiple Hertz executives also received awards throughout the year.
December 22, 2019
In the third quarter, Hertz grew U.S. income on increased transaction days and a decrease in depreciation, while international revenues, earnings decrease.
November 4, 2019
Jeri Hassell from Texas won a weeklong vacation for four to Maui, courtesy of Hertz.
October 30, 2019