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Hertz Plans $2B Share Repurchase Program

Hertz Global Holdings Inc (NASDAQ:HTZ) Board authorized a share repurchase program of up to $2 billion of common stock. The repurchase…
byAkanksha Bakshi
November 29, 2021
1 minute read
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  • Hertz Global Holdings Inc (NASDAQ: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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