Hertz Prices 37 Mln Share Offering At $2.70/shr

Hertz Global Holdings priced a SEC-registered offering of 37 million shares of common stock at $2.70 per share. The equity raise is dilutive to existing shareholders, though the article provides no additional use-of-proceeds or balance-sheet details. The announcement is likely to weigh modestly on HTZ shares.

Analysis

Hertz Global Holdings priced a SEC-registered offering of 37 million shares of common stock at $2.70 per share. The equity raise is dilutive to existing shareholders, though the article provides no additional use-of-proceeds or balance-sheet details. The announcement is likely to weigh modestly on HTZ shares.