Conversion right triggered on Hertz's convertible senior notes

theflyonthewall.com

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.

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