Hertz Tells Chancery To Reject $4B Buyback 'Hindsight' Suit

By Leslie A. Pappas (March 11, 2024, 6:30 PM EDT) -- Hertz directors weren't certain when they authorized $4 billion in stock buybacks that it would transfer control of the company to a private equity-backed shareholder, an attorney for Hertz told Delaware's Court of Chancery on Monday, urging the court to toss a shareholder's lawsuit over the buybacks....

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