Hertz wins court approval to offer potentially worthless stock

Hertz rental car lot — (BLOOMBERG/Photographer: Luke Sharrett/Bloo)

By:

STEVEN CHURCH

By:

Bloomberg

June 12, 2020 10:07 PM

WILMINGTON, Del. -- Hertz Global Holdings Inc. won court approval for its plan to raise cash by selling new shares that the bankrupt car-rental company concedes could end up being worthless.

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