Hertz Deal for Preferred Could Mean a Big Buyback Ahead. The Stock Is Surging.

2 years ago 332

A woody by Hertz Global Holdings to repurchase the bulk of its $1.5 cardinal of preferred banal could pave the mode for a ample banal repurchase program.

The imaginable of a sizable buyback is lifting Hertz shares, which person been deed hard since the company’s $1.3 cardinal equity offering successful aboriginal November.

Shares of Hertz (ticker: HTZ) were...

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