Bankrupt rental-car business Hertz Global Holdings Inc. suspended its sale of approximately $500 million in shares after the Securities and Exchange Commission said it had questions about the offer.
The SEC personnel notified Hertz about the evaluation process previously today, the company said in a securities filing Wednesday. “Sales … were immediately suspended pending further understanding of the nature and timing of the personnel’s review,” Hertz stated.
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source https://jobsearchtips.net/bankrupt-hertz-suspends-500-million-stock-sale-as-sec-postures-concerns-on-deal/
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