Hertz Shareholders One Step Closer to $1 Billion Payout As Court Approves Plan

Hertz said Thursday its restructuring plan has been confirmed by court and it is set to exit bankruptcy on June 30.
The exit paves the way for creditors to be paid in full and existing shareholders to receive more than $1 billion of value.
Typically, in a corporate bankruptcy case like Hertz’s, equity shareholders would receive nothing.
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Hertz shareholders are one step closer to seeing more than $1 billion of value returned.

The car rental giant and original “meme stock” said on Thursday its restructuring plan has been confirmed by a bankruptcy court, pavin…

Hertz Shareholders One Step Closer to $1 Billion Payout As Court Approves Plan – Business Insider