Hertz trading has been halted as SEC has 'concerns' about planned stock sale
Shares of Hertz Global Holdings Inc. HTZ, -0.51% were halted mid-trading Wednesday for news pending. The car-rental company, which entered bankruptcy protection May 22, filed earlier this week to sell up to $500 million in shares it warned could be"worthless" amid its bankruptcy proceedings. Shares of Hertz were down 0.
5% before the halt, contrasting with small gains for the S&P 500 index SPX, +0.24%. A trade resumption has not been set. Earlier Wednesday, Securities and Exchange Commission Chairman Jay Clayton told CNBC the regulator had issues with the plan to sell shares, and had let Hertz know it had"comments" on the company's disclosure. In most cases companies would then halt their efforts until the issues were resolved, Clayton said.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Main Street's boldest take on Wall Street in bankruptcy stock frenzyWhen Bryan Quevedo received his U.S. government stimulus check last month, he invested $1,000 in the stock of bankrupt car rental company Hertz Global Holdings Inc .
Weiterlesen »
Latest News - MarketWatchGet the latest stock market, financial and business news from MarketWatch.
Weiterlesen »
Jim Cramer: Investors concerned about spiking coronavirus cases should buy these stocks'As Zoom goes, so go Zscaler and CrowdStrike and Cramer-fave RingCentral,' the 'Mad Money' host said.
Weiterlesen »