Companies

Hertz's Chapter 11 restructuring plan has been confirmed by a bankruptcy court, paving the way for a $1 billion shareholder payout

3 days ago   |   By Business Insider

Summary List Placement Hertz shareholders are one step closer to seeing more than $1 billion of value returned.
The car rental giant and original "meme stock" said on Thursday its restructuring plan has been confirmed by a bankruptcy court, paving the way for creditors to be paid in full and existing shareholders to receive more than $1 billion of value.
Andrew Glenn, who championed the deal for shareholders as the managing partner of Glenn Agre Bergman & Fuentes, told Insider he's "thrilled, but not surprised" that the court approved the deal.
"We put forward the highest and best value...
Read more ...

 


Search by Tags

   Companies      Cars      Investor  


Joe Exotic launches NFT auction from prison to sell Tiger King memorabilia

Joe Exotic launches NFT auction from prison to sell Tiger King memorabilia

Joe Exotic launched the 'Official Tiger King NFT' auction from his federal prison where he's seeking hundreds of thousands of dollars for things like his pistol and audio... Read more ...

Euro 2020: England captain Harry Kane insists he is 'not undroppable' ahead...

Euro 2020: England captain Harry Kane insists he is 'not undroppable' ahead of Scotland clash

Kane endured a frustrating afternoon in England's win over Croatia on Sunday and was eventually substituted for Dominic Calvert-Lewin. He still feels pressure on his place. Read more ...

Gone Girl actress Lisa Banes dies, aged 65

Gone Girl actress Lisa Banes dies, aged 65

Lisa Banes has died following a hit-and-run in New York City, from which she suffered serious injuries. The actress was best known for her role in David Fincher's acclaimed... Read more ...

Irina Shayk holds hands with sweet daughter Lea De Seine, four, as they...

Irina Shayk holds hands with sweet daughter Lea De Seine, four, as they cross street in NYC

Irina Shayk held hands with her little girl Lea De Seine, four, as they crossed the street in New York this Tuesday. The 35-year-old shares her daughter with her friendly ex... Read more ...

Demi Rose showcases her cleavage in a plunging black top as she soaks up the...

Demi Rose showcases her cleavage in a plunging black top as she soaks up the sun in Ibiza

The influencer, 26, flaunted her jaw-dropping cleavage as as she slipped into a skintight plunging black top on Monday. Read more ...

Councillors banned from using the word 'Tories' in North Ayrshire meetings

Councillors banned from using the word 'Tories' in North Ayrshire meetings

A politician described it as 'derogatory' with Provost Ian Clarkson asking for the term not to be used. Read more ...

Councillors call for end of racism towards Gypsy Travellers

Councillors call for end of racism towards Gypsy Travellers

Attitudes towards Travelling community are "last bastion of racism" Read more ...

Texans asked to conserve power amid record heat and 'unplanned outages' at...

Texans asked to conserve power amid record heat and 'unplanned outages' at plants

ERCOT put its grid condition alert level to yellow - a conservation alert - urging residents to conserve energy Monday through Friday. Read more ...

Gold Coast mum diagnosed with terminal skin cancer while pregnant issues...

Gold Coast mum diagnosed with terminal skin cancer while pregnant issues devastating plea to Aussies

A Gold Coast mum diagnosed with stage four metastatic melanoma while pregnant has issued an urgent plea to Australians. Read more ...

Key findings of bombshell eight-year 1,200 page Daniel Morgan inquiry

Key findings of bombshell eight-year 1,200 page Daniel Morgan inquiry

Father-of-two Mr Morgan was killed with an axe to the head in the car park of the Golden Lion pub in Sydenham, south-east London , on March 10, 1987 while he was probing... Read more ...