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Forget the casino, bankrupt Hertz can now sell up to $1 billion in stock

Mimi Sabreena 8:29:00 AM Business

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Hertz, the rental car company that is going through Chapter 11 bankruptcy proceedings, can now sell up to $1 billion in stock as it seeks to tap into one of the hottest tickets in town: traders with an appetite for short-term speculative bets. . The decision Friday by the U.S. Bankruptcy Court for the District …

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