Bankrupt Hertz granted approval to sell up to $1 billion in shares

Business

Signage for Hertz Global Holdings Inc. stands at a rental location in Berkeley, California, U.S., on Tuesday, May 5, 2020.

David Paul Morris | Bloomberg | Getty Images

Hertz was granted approval Friday by the U.S. Bankruptcy Court for the District of Delaware to sell up to $1 billion in shares of the bankrupt car rental company.

This is a breaking news story. Please check back for updates. 

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