Andrew Glenn is quoted in a Wall Street Journal article that announced the approval of a winning auction bid that will hand control of Hertz to institutional investors who won a competition to buy the company out of bankruptcy as its prospects brightened. Hertz expects stockholders to receive more than $7 a share of value out of the deal, and perhaps as much as $8 a share, as the company emerges from Chapter 11.
“There’s a real fundamental business here, poised to profit from the pandemic recovery,” Andrew told The Wall Street Journal.
The Glenn Agre team representing the ad hoc committee of shareholders of Hertz Global, Inc. includes Andrew Glenn, Shai Schmidt, Trevor Welch, Rich Ramirez, and Naznen Rahman.