Hertz Enacts Poison Pill Provision For One YearMani
Hertz Global Holdings, Inc. (NYSE:HTZ) adopted a one-year shareholder rights plan following unusual and substantial activity in its shares.
The rental car company’s move is to prevent investors from gaining control of the firm.
A shareholder-rights plan, also known as a poison pill, is designed to dilute the value of the stock by flooding the market with additional shares, making it expensive . . .
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