Hertz Enacts Poison Pill Provision For One Year – ValueWalk Premium

Hertz Enacts Poison Pill Provision For One Year

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.
Shareholder-rights plan
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 . . .

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