🤑An "Active Auction" Breaks Out for Hertz🤑

Early Friday morning, The Wall Street Journal broke news* that the sponsors of Hertz Global Holdings Inc.’s ($HTZGQ) initial plan of reorganization — Knighthead Capital Management LLC and Certares Management LLC — had re-emerged with a fresh proposal for the company that would value the company at $6.2b, creating a dramatic delta between their valuation…