(Bloomberg) — Trading in Hertz Global Holdings Inc. was halted for pending news as investors speculated on whether the bankrupt car renter will have to revise its plan to raise cash by selling new shares.Hertz shares were down 4.5% to $1.91 in New York before the halt, which came a day after the company suspended the effort to raise as much as $500 million. The bankrupt car renter sought to take advantage of a rally in its shares after it filed for court protection in May, even as it repeatedly warned would-be buyers that the new stock was potentially worthless.The …read more
Source:: Yahoo Finance
