Forget the casino, bankrupt Hertz can now sell up to $1 billion in stock – TechCrunch

[ad_1] Hertz, the rental car company that is going through Chapter 11 bankruptcy proceedings, can now sell up to $1 billion in stock as it seeks to tap into one of the hottest tickets in town: traders with an appetite for short-term speculative bets. . The decision Friday by the U.S. Bankruptcy Court for the…