Hertz Plans $2B Share Repurchase Program

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.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.