BusinessPhoto: Mint CompaniesHertz Shares Plunge as Company Warns of Lower Cash Reserves
Hertz Global Holdings shares fell sharply after the company warned it expects to end the year with about $800 million in liquidity, down from the previously expected $1 billion. CFO Scott Haralson said the company had $531 million in cash at September-end, below analyst expectations. Hertz plans to sell and lease back properties and reduce its car inventory to improve liquidity while managing bond repayments.
Mint Companies·

