Hertz Plans $2B Share Repurchase Program

Hertz Global Holdings Inc HTZ Board authorized a share repurchase program of up to $2 billion of common stock.
The repurchase program is effective immediately and will initially comprise the remaining $200 million authorized for repurchase at the time of the company's offering and listing on NASDAQ.
Hertz Global currently intends to maintain Net Corporate Leverage of no more than 1.5x.
Price Action: HTZ shares are trading higher by 1.40% at $24.2 on the last check Monday.