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 . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible