(Bloomberg) — Trading in Hertz Global Holdings Inc. was halted for pending news as investors speculated on whether the bankrupt car renter will have to revise its plan to raise cash by selling new shares.Hertz shares were down 4.5% to $1.91 in New York before the halt, which came a day after the company suspended the effort to raise as much as $500 million. The bankrupt car renter sought to take advantage of a rally in its shares after it filed for court protection in May, even as it repeatedly warned would-be buyers that the new stock was potentially worthless.The company is dealing with questions brought up by Securities and Exchange Commission officials, according to a filing yesterday. A representative for Hertz didn’t respond to a message seeking comment.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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