Hertz suspends plans to sell $500m in shares after SEC review

Author: Adam Button | Category: News

So much for that plan

Here's some backround. It's truly one of the most-bizarre episodes in financial markets history and severely undermines the idea of any kind of efficient market.

Shares were halted earlier today at $1.94. In theory this should be positive based on whatever people are buying them for but the shares are worthless in any case.

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