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https://www.barrons.com/articles/hertz-deal-for-preferred-could-mean-a-big-buyback-ahead-the-stock-is-surging-51637783064

Hertz Deal for Preferred Could Mean a Big Buyback Ahead. The Stock Is Surging.

By
Andrew Bary
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A deal by Hertz Global Holdings to repurchase the bulk of its $1.5 billion of preferred stock could pave the way for a large stock repurchase program.

 The prospect of a sizable buyback is lifting Hertz shares, which have been hit hard since the company’s $1.3 billion equity offering in early November.

   Shares of Hertz (ticker: HTZ) were...

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