Bagholders Get Screwed on Hertz Global Holdings Deal

Posted on 03/02/2021

Hertz Global Holdings Inc., a rental car company, got a bid from Knighthead Capital Management, LLC and Certares Opportunities LLC to purchase the company out of bankruptcy for as much as US$ 4.2 billion, according to court documents. Under the rescue plan, Knighthead and Certares would take control of Hertz when it emerges from its […]

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