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.
General Motors, Hertz in pact for purchase of GM vehicles On December 15, The Hertz Corporation (HTZ) and General Motors (GM) entered into an agreement relating to Hertzís purchase of GM vehicles for the 2015 vehicle model year. The agreement also sets forth the terms and conditions related to GMís repurchase of a portion of the vehicles purchased by Hertz under the agreement.