Bankrupt Hertz Warns Buyers They'll Need A Miracle To Avoid Total Loss As Bonds Value Equity At Negative $2 Billion
June 15, 2020 at 11:58 AM EDT
While retail buyers of HTZ stock are facing a virtually certain total loss, the big winners from the Jefferies led offering are, well, Jefferies which will collect a 3% commission, the lawyer who will make $200K on the deal.