Hertz shareholders are selling 44,520,000 shares of the company's common stock through a public offering at $29 per share. Underwriters have been granted a 30-day option to buy an additional 6,678,000 shares. Hertz plans to repurchase 10,344,828 outstanding shares for $300 million. The shares are expected to begin trading on the Nasdaq today under the ticker symbol HTZ.
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