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Stock Market & Financial Investment News

News Breaks
January 2, 2013
16:39 EDTHTZConversion right triggered on Hertz's convertible senior notes
Hertz Global Holdings announced that the company's $474,733,000 aggregate principal amount outstanding of 5.25% Convertible Senior Notes Due 2014 will continue to be convertible by holders of the Notes. This conversion right has been triggered because the company's closing common stock price per share exceeded $10.77 for at least 20 trading days during the 30 consecutive trading day period ending on December 31. Based on this triggering event, the Notes will be convertible until March 31, 2013.
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