Hertz is looking to raise $1 billion in a share sale to capitalise on its almost 1000% market rally in the days since filing for bankruptcy
Published
· Hertz is looking to raise $1 billion in a share sale after its bankruptcy, the Wall Street Journal reported Thursday.
· The car rental company is requesting a bankruptcy judge to approve a deal with Jefferies LLC that would allow it to potentially sell 246.8 million unissued shares.
· The stock had exploded almost around...