Conversion right triggered on Hertz's convertible senior notes Hertz Global Holdings announced that the company's 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 March 31. Based on this triggering event, the notes will be convertible until June 30.
Walgreens Boots Alliance says Thomas Sabatino to join Hertz as general counsel Walgreens Boots Alliance (WBA) announced that Thomas Sabatino Jr., EVP, global chief legal and administrative officer, will be leaving the company to join Hertz Global Holdings (HTZ) as senior executive vice president, chief administrative officer and general counsel, effective February 9. Sabatino will remain in his current role with Walgreens Boots Alliance through the end of January to ensure a smooth transition of his current responsibilities. The company expects to announce his successor at that time.