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Hertz Global Holdings

Hertz Gets $4.2B Purchase Bid in Plan to Exit Bankruptcy

The buyers, Knighthead Capital Management and Certares Management, would take at least a majority share and as much as 100% of the company. The proposed plan would pay in full all of Hertz's existing first- and second-lien debt and provide a 70% cash recovery to general unsecured creditors.

Hertz Bankruptcy Court Approves $1B Stock Sale

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.”

Hertz Requests Hearing on Potential NYSE Delisting

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.