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These Are the Finalists for the 2021 Allocators' Choice Awards

These Are the Finalists for the 2021 Allocators' Choice Awards
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L'avenir du groupe Hertz en négociation

L'avenir du groupe Hertz en négociation
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Bankrupt car-rental firm Hertz' lenders are proposing a shakeup that would take a newly reorganized company public, report says


Bankrupt car-rental firm Hertz lenders are proposing a shakeup that would take a newly reorganized company public, report says
snagarajan@businessinsider.com (Shalini Nagarajan)
© Cindy Ord/Getty Images
Cindy Ord/Getty Images
Hertz lenders are proposing a shakeup that would take a reorganized company public, according to Bloomberg.
If Hertz approves the proposal, its planned sale to two investment funds for $4.2 billion would not go through.
The creditor group believes Hertz has an enterprise value of $5 billion.
Hertz s unsecured creditors are proposing a restructuring of the car-rental firm that clashes with the company s plan to exit from bankruptcy via a sale to two investment funds, Bloomberg reported Thursday. ....

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