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Used Cars

Hertz suspends stock sale amid SEC scrutiny

Hertz car rental lot
(BLOOMBERG/Bloomberg)
DW
By:
DAVID WELCH
B
By:
Bloomberg
|
June 18, 2020 01:34 PM

Hertz Global Holdings Inc. suspended plans to raise cash by selling new shares that the bankrupt car renter described as potentially “worthless” after its proposal failed to pass muster with U.S. regulators.

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