Shares of Hertz Global Holdings Inc. (HTZ) fell nearly 20% in the extended session Monday after a report by The Wall Street Journal said the car rental company has hired an additional adviser ( ) to help with a forthcoming bankruptcy filing. Amid a drop in demand with the coronavirus pandemic, Hertz has engaged FTI Consulting Inc. to advise it on efforts to streamline operations ahead of a filing, the report said, citing people familiar with the matter. The newspaper reported last month that Hertz had hired lawyers and investment bankers as advisers as it tries to renegotiate its $17 billion of debt. Shares of Hertz ended the regular trading day up 2.3%.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 04, 2020 17:31 ET (21:31 GMT)
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