Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 24 March 2022
Length: 32 pages
Data source: Published sources
Abstract
Hertz filed for Chapter 11 bankruptcy in response to ABS obligations and the COVID-19 pandemic. Enthusiastic Robinhood investors and shrewd negotiating tactics helped Hertz stabilize. Roughly nine months into the bankruptcy, Hertz received several bids to reorganize the company. Now, key Hertz advisors William Derrough and Tom Lauria must decide (i) whether the valuations implied by these bids are high enough, (ii) how they can negotiate higher valuations, and (iii) when to exit bankruptcy.
Location:
Industry:
Size:
> 1 billion; Fortune 500
Other setting(s):
2020-2021
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Revision date: 11-Jan-2023
Format:
.xlsx
Data source: Published sources
About
Abstract
Hertz filed for Chapter 11 bankruptcy in response to ABS obligations and the COVID-19 pandemic. Enthusiastic Robinhood investors and shrewd negotiating tactics helped Hertz stabilize. Roughly nine months into the bankruptcy, Hertz received several bids to reorganize the company. Now, key Hertz advisors William Derrough and Tom Lauria must decide (i) whether the valuations implied by these bids are high enough, (ii) how they can negotiate higher valuations, and (iii) when to exit bankruptcy.
Settings
Location:
Industry:
Size:
> 1 billion; Fortune 500
Other setting(s):
2020-2021
Related
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Revision date: 11-Jan-2023
Format:
.xlsx
Data source: Published sources