Hertz Seeks Permission to Sell New Shares Amid Bankruptcy

Joseph B. Hash

Hertz World has requested a personal bankruptcy choose to approve a deal to promote up to 246.eight million unissued shares, up to $1 billion, to Jefferies even as impending liquidation threatens to wipe out their value.

Hertz shares jumped to as significant as $five.fifty three just after the filing ahead of falling to under $3 by Friday afternoon. The stock closed at fifty six cents on May 22.

“The the latest current market rates of and the buying and selling volumes in Hertz’s widespread inventory most likely current a exceptional opportunity for the debtors to increase funds on conditions that

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South Korea Agrees to Attend G-7, While Putin Seeks More Information

Joseph B. Hash

South Korean President Moon Jae-in approved President Trump’s invitation to show up at the Team of 7 nations meeting, Seoul’s presidential place of work claimed on Monday, while Russian President Vladimir Putin claimed he wished far more information ahead of deciding regardless of whether to come.

Mr. Trump above the weekend claimed he was postponing a planned June meeting of G-7 leaders in the U.S. until finally September, having that action following German Chancellor Angela Merkel claimed she wouldn’t be equipped to commit to attending in the course of the coronavirus pandemic.

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U.S. Seeks to Rally Wary Europeans Against China

Joseph B. Hash

MUNICH—Defense Secretary Mark Esper explained to European allies in a speech Saturday the U.S. considers China a pre-eminent danger in its pursuit of an “advantage by any signifies and at any cost.”

His responses at the Munich Stability Meeting followed before remarks by Secretary of Condition Mike Pompeo that “the West is winning” against authoritarian regimes.

Mr….

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