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    Japan Games Maker Nintendo’s Profit Slips Amid Chips Crunch

    Japan Games Maker Nintendo’s Profit Slips Amid Chips Crunch

    Dow drops nearly 100 points on losses for Intel, Nike stocks

    Dow drops nearly 100 points on losses for Intel, Nike stocks

    Spanish Court: Amazon Violated Labor Law With Delivery App

    Spanish Court: Amazon Violated Labor Law With Delivery App

    Alphabet Posts Lower Q4 Profit Amid Ad Squeeze, Competition

    Alphabet Posts Lower Q4 Profit Amid Ad Squeeze, Competition

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    Chipotle stock falls after ‘tightening’ consumer spending leads to second earnings miss in 5 years

    Chipotle stock falls after ‘tightening’ consumer spending leads to second earnings miss in 5 years

    Duke Energy Corp. stock falls Tuesday, underperforms market

    Duke Energy Corp. stock falls Tuesday, underperforms market

    EnPro Industries, Inc. (NYSE:NPO) Stock Holdings Lowered by Congress Asset Management Co. MA

    EnPro Industries, Inc. (NYSE:NPO) Stock Holdings Lowered by Congress Asset Management Co. MA

    Holley Shares Fall 8.2% After Hours As CEO Retires, Preliminary 4Q Sales Decline

    Holley Shares Fall 8.2% After Hours As CEO Retires, Preliminary 4Q Sales Decline

  • NASDAQ
    Crocs (NASDAQ:CROX) Seems To Use Debt Quite Sensibly

    Crocs (NASDAQ:CROX) Seems To Use Debt Quite Sensibly

    Novavax Inc. stock falls Tuesday, underperforms market

    Novavax Inc. stock falls Tuesday, underperforms market

    El Pollo Loco (NASDAQ:LOCO) Stock Rating Lowered by StockNews.com

    El Pollo Loco (NASDAQ:LOCO) Stock Rating Lowered by StockNews.com

    ZoomInfo Posts 4Q Results, Shares Decline Almost 6% After Hours

    ZoomInfo Posts 4Q Results, Shares Decline Almost 6% After Hours

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Japan Games Maker Nintendo’s Profit Slips Amid Chips Crunch

    Japan Games Maker Nintendo’s Profit Slips Amid Chips Crunch

    Dow drops nearly 100 points on losses for Intel, Nike stocks

    Dow drops nearly 100 points on losses for Intel, Nike stocks

    Spanish Court: Amazon Violated Labor Law With Delivery App

    Spanish Court: Amazon Violated Labor Law With Delivery App

    Alphabet Posts Lower Q4 Profit Amid Ad Squeeze, Competition

    Alphabet Posts Lower Q4 Profit Amid Ad Squeeze, Competition

  • NYSE
    Chipotle stock falls after ‘tightening’ consumer spending leads to second earnings miss in 5 years

    Chipotle stock falls after ‘tightening’ consumer spending leads to second earnings miss in 5 years

    Duke Energy Corp. stock falls Tuesday, underperforms market

    Duke Energy Corp. stock falls Tuesday, underperforms market

    EnPro Industries, Inc. (NYSE:NPO) Stock Holdings Lowered by Congress Asset Management Co. MA

    EnPro Industries, Inc. (NYSE:NPO) Stock Holdings Lowered by Congress Asset Management Co. MA

    Holley Shares Fall 8.2% After Hours As CEO Retires, Preliminary 4Q Sales Decline

    Holley Shares Fall 8.2% After Hours As CEO Retires, Preliminary 4Q Sales Decline

  • NASDAQ
    Crocs (NASDAQ:CROX) Seems To Use Debt Quite Sensibly

    Crocs (NASDAQ:CROX) Seems To Use Debt Quite Sensibly

    Novavax Inc. stock falls Tuesday, underperforms market

    Novavax Inc. stock falls Tuesday, underperforms market

    El Pollo Loco (NASDAQ:LOCO) Stock Rating Lowered by StockNews.com

    El Pollo Loco (NASDAQ:LOCO) Stock Rating Lowered by StockNews.com

    ZoomInfo Posts 4Q Results, Shares Decline Almost 6% After Hours

    ZoomInfo Posts 4Q Results, Shares Decline Almost 6% After Hours

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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Hertz stock tumbles after revised bankruptcy exit proposal

Editorial Staff by Editorial Staff
May 4, 2021
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Hertz stock tumbles after revised bankruptcy exit proposal

Shares of Hertz Global Holdings Inc. HTZGQ, -1.86% tumbled 9.9% in premarket trading, after the bankrupt car rental company said it received a revised proposal for its Chapter 11 exit from affiliates of Knighthead Capital Management LLC, Certares Opportunities LLC and Apollo Capital Management LP. The revised proposal includes funding of Hertz’s reorganization through a direct common stock investment of $2.9 billion, direct preferred stock investments of $1.5 billion and a rights offering to raise $1.36 billion.

The proposal also includes payment in full of all funded debt, and provides current holders of common stock with 50 cents a share in cash and either 10-year warrants to a total of 10% of the reorganized company or the possibility to subscribe for common stock in the rights offering. “Hertz’s Board of Directors has not yet made any determination regarding the revised proposal and will evaluate it in accordance with the procedures established by the Bankruptcy Court,” the company said in a statement. The stock has rocketed 151.6% year to date through Monday, while the S&P 500 SPX, -1.17% has gained 11.6%.

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Japan Games Maker Nintendo’s Profit Slips Amid Chips Crunch

Chipotle stock falls after ‘tightening’ consumer spending leads to second earnings miss in 5 years

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