HERTZ EYES A WAY OUT OF CHAPTER 11 BANKRUPTCY

Hertz said Tuesday that it may sell a controlling stake in the company to two investment firms for $4.2 billion. Knighthead Capital Management and Certares Opportunities will have the chance to buy the reorganized car rental company, but no less than a majority of its shares, Hertz Global Holdings Inc. said. Hertz filed for bankruptcy protection in May 2020.