Hertz confirms spin-off of equipment-rental ops

Hertz (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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs