US EditionHertz Global files plan of reorganization
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Hertz Global files plan of reorganization
- Car rental company Hertz Global Holdings Inc said on Tuesday it had filed a proposed plan of reorganization with the U.S. bankruptcy court for the district of Delaware. Under the plan, Knighthead Capital Management LLC and Certares Opportunities LLC will invest about $4.2 billion to buy up to 100% of common stock of reorganized Hertz. (Reporting by Sanjana Shivdas in Bengaluru;
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