- Hertz (NASDAQ:HTZ) plans to spin off its equipment-rental business for $2.5B, confirming a report from earlier this week.
- Hertz intends to use some of the money from the move to fund a $1B share repurchase program and repay debt. (PR)
- Q4 results
- Shares +2.8% premarket.
Hertz confirms spin-off of equipment-rental ops
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Symbol | Last Price | % Chg |
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HTZ | - | - |
Hertz Global Holdings, Inc. |