Then came a competing offer at the 11th hour, just as Hertz sought court approval to move ahead with its chosen sponsors.
Now, Hertz will conduct another round of bidding to give the competing group a full and fair opportunity to present their best proposal, according to court documents.
If necessary, the current plan sponsors would have the opportunity to counter the other proposal at an auction.
If there s an auction, it s to be held May 10 in a virtual room, under the supervision of Hertz s attorneys.
Hertz bidding process laid out
In court documents, Hertz said the new process is designed to ensure that it chooses the reorganization plan that s in the best interests of the company and its creditors and equity holders as a whole.
Parks and gardens blossom with million dollar upgrades
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Palm Coast Council Approves 300-Unit Apartment Complex
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Here’s a list of Allen’s parks, trails and recreational facilities to visit this Earth Day
Allen has 66 parks and facilities and 78 miles of hike and bike trails.
A file photo pictures Allen s Celebration Park, located at 701 Angel Pkwy.(Rex C. Curry - Special Contributor)
As Earth Day approaches on April 22, Allen is a great place to celebrate.
With more than 1,300 acres of city park land, Allen has 66 parks and facilities and 78 miles of hike and bike trails. And there’s more in the works, as the city strives to reach its goal of placing a park within a half-mile of every Allen resident.
Una parte del parque de Diagonal Mar de Barcelona estará vetada a los perros tras convertirse en refugio de biodiversidad
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