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CNBC PRO Talks: Top investor John Rogers reveals where he sees buying opportunities right now
1 month ago - By CNBC
Ariel Investments Chairman and Co-CEO John Rogers will talk to CNBC's Scoot Wapner about how to pick winning stocks to ride the historic economic rebound.
Read more ...Hertz stock investors will not be paid back under a reorganization plan as a chapter of the meme-stock saga comes to an end
1 month ago - By Business Insider
Summary List Placement Hertz Global Holdings on Tuesday detailed its reorganization plan, which revealed that shareholders will get nothing. The restructuring proposal comes nine months after the car-rental company entered chapter 11 proceedings in the US Bankruptcy Court in Wilmington, Delaware.
It also closes out an early chapter of the meme-stock saga, which saw day traders pile into a stock that the company itself warned could soon be worthless.
As part of the reorganization, Hertz creditors will be paid back in full and unsecured bondholders can either be paid back at 70% of their...
Read more ...Hertz stock investors will not be paid back under a reorganization plan as a chapter of the meme-stock saga comes to an end
1 month ago - By Business Insider
Cindy Ord/Getty Images
Hertz on Tuesday detailed its reorganization plan.
The proposal comes nine months after the car rental company entered chapter 11 proceedings.
Hertz creditors will mostly be repaid in full, while shareholders will get nothing.
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Hertz Global Holdings on Tuesday detailed its reorganization plan, which revealed that shareholders will get nothing. The restructuring proposal comes nine months after the car-rental company entered chapter 11 proceedings in the US Bankruptcy Court in Wilmington...
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