Trading in shares of the car rental company, which filed for bankruptcy protection last month, were halted before the announcement.
Hertz said Wednesday it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission.
Source: washington times
Summary automatically generated by NewSUM A.I. from the following sources:
- Hertz suspends plans for $500M stock sale pending SEC review (washington times)
- Hertz suspends plans for $500M stock sale pending SEC review (abc news)