Knighthead & Certares Sweeten Offer for Hertz, Again
Car rental company Hertz saw investment firms Knighthead Capital Management and Certares Management submit another sweetened offer yet again to buy them out of bankruptcy. Under this deal, equity holders could recover $2.25 a share and sources say that bondholders...
Knighthead & Certares Sweeten Hertz Offer for a Second Time
Hertz received for the second time an improved offer from Knighthead Capital Management and Certares Management as the bidding war escalates after the investment firms raised their bid to fund the US car rental firm’s exit from bankruptcy, valuing Hertz Global at...
Hertz Receives Improved Offer from Knighthead & Certares to Fund Bankruptcy Exit
Knighthead Capital Management and Certares Management valued Hertz Global at $6.2bn, raising their bid to fund the US car rental firm’s exit from bankruptcy. The investment firms Knighthead and Certares have offered to take control of Hertz, with existing...
