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The inside story of how optimism about post-pandemic travel inspired a bidding war for the bankrupt car rental company
Group’s current public stockholders will get a package worth $7.36 for each share
Equity holders set to recover millions in winning bid from private equity consortium including Apollo Global Management
Battle for car rental company comes as travel and leisure industries recover from pandemic
Car rental company’s value rises as bidding war breaks out during restructuring
Hopes of a recovery in global travel set off a bidding war for bankrupt American car rental group
All creditors of car rental mainstay are getting close to being made whole
Investment firms hope to revive fortunes of car rental company battered by pandemic
Hertz and AMC experiences highlight scope for change in US system
The debt burden piled on breakdown company AA has cast a cloud over its future success
With the corporate sector already owing $10tn, many businesses are doubling down on new loans to survive the pandemic
Car rental group seeks cash after being ditching $500m share sale
Bankrupt car rental group halts fundraising after receiving scrutiny from regulators
A plan to sell up to $500m worth of equity is based on a fantastical proposition
Take a guess at how they look.
The Hertz clown car continues to motor along.
Car hire group hopes to take advantage of stock market frenzy to raise $1bn
Move by car rental group would come in place of tapping a senior debt loan
Car rental group is in Chapter 11 bankruptcy protection, potentially breaching exchange rules
Zombie hunters find prey.
Shares in Hertz have been on a tear since it filed for bankruptcy
Shares in Hertz surge more than 800% since car hire group filed for Chapter 11
The US car rental company’s demise has ramifications for the broader auto industry
“When you’re sure you’ve had enough...of this life”