All bets are off as Hertz pulls plan to issue $500 million in new stock

Hertz, which filed for bankruptcy last month, halted its $500 million stock offering Wednesday after the U.S. Securities and Exchange Commission told the rental company it would review its controversial plan to sell shares that could soon be wiped out completely. Hertz disclosed Monday that it would issue a $500 million stock offering following approval […] Learn more about your ad choices. Visit podcastchoices.com/adchoices