Hertz Plans $2B Share Repurchase Program

by Akanksha Bakshi, Benzinga Editor
November 29, 2021 10:54 AM | 28 seconds read |
  • 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.
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