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Motley Fool: Why Hertz Shares Popped 16% Tuesday


Reports suggest multiple entities are preparing a bid for Hertz’s vehicle leasing business, Donlen.

What happened

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ), a vehicle rental company that filed for bankruptcy protection during the coronavirus pandemic, spiked 16% higher on Tuesday after Bloomberg reported private equity firms and Hertz rivals could be preparing bids for a part of the company. But what does this mean for investors?