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Bankrupt Hertz Suspends $500 Million Stock Sale as SEC Poses Questions on Deal – The Wall Street Journal

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Bankrupt Hertz Suspends $500 Million Stock Sale as SEC Poses Questions on Deal – The Wall Street Journal

Bankrupt rental-car company Hertz Global Holdings Inc. suspended its sale of up to $500 million in shares after the Securities and Exchange Commission said it had questions about the deal. The SEC staff informed Hertz about the review process earlier this week, the company said in a securities filing Wednesday. “Sales…were promptly suspended pending further…

Bankrupt Hertz Suspends $500 Million Stock Sale as SEC Poses Questions on Deal – The Wall Street Journal

Bankrupt rental-car company Hertz Global Holdings Inc. suspended its sale of up to $500 million in shares after the Securities and Exchange Commission said it had questions about the deal.

The SEC staff informed Hertz about the review process earlier this week, the company said in a securities filing Wednesday. “Sales…were promptly suspended pending further understanding of the nature and timing of the staff’s review,” Hertz said.

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