Hertz Wins Approval to Offer Potentially Worthless Stock
Signage is displayed at dusk outside of a Hertz Global Holdings Inc. rental location at Los Angeles International Airport (LAX) in Los Angeles, California, the U.S. (Photographer: Patrick T. Fallon/Bloomberg)

Hertz Wins Approval to Offer Potentially Worthless Stock

(Bloomberg) -- Hertz Global Holdings Inc. can go ahead with its plan to raise cash by selling new shares that the bankrupt car-rental company readily concedes could end up worthless.
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