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Knighthead, Certares sweeten bid to fund Hertz s bankruptcy exit: WSJ

By Reuters Staff 2 Min Read The desk of car rental company Hertz is seen at Nice International airport during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. REUTERS/Eric Gaillard (Reuters) - Investment firms Knighthead Capital Management and Certares Management sweetened their bid to fund Hertz Global’s exit from bankruptcy, valuing the U.S. car rental firm at $6.2 billion, the Wall Street Journal reported on Friday. Knighthead and Certares have proposed taking control of Hertz with backing from some existing shareholders of the rental firm and private-equity company Apollo Global Management Inc, which has agreed to supply up to $2.5 billion in preferred equity financing, the report said here, citing people familiar with the matter.

Local News In Brief: Citizen drop-off change

Lawrence Arts & SOUTH POINT The Lawrence County Chamber of Commerce will host an Arts & Crafts Festival on Saturday and Sunday. On Saturday, the festival is scheduled from 10 a.m. to 7 p.m. and Sunday from noon to 6 p.m. The festival will take place on the campus of the chamber of commerce at 216 Collins Ave. in South Point adjacent to U.S. 52. The festival will have crafts vendors and food trucks on site. For more information, contact the Lawrence County Chamber of Commerce at (740) 377-4550.   Free healthy heart ASHLAND King’s Daughters Medical Center is providing free healthy heart with EKG screening beginning at 9 a.m. Thursday, April 29, on the KDMC Mobile Health Unit at Members Choice Credit Union at 1401 Carter Ave. in Ashland.

NCB police arrest two people and seized 90 kg ganja

Phuket drug arrests net 12k meth pills, half kilo of ice

Phuket drug arrests net 12k meth pills, half kilo of ice Phuket drug arrests net 12k meth pills, half kilo of ice PHUKET: Phuket Provincial Police have arrested three suspects in two raids, resulting in more than 500 grams of crystal meth (ya ice) and more than 12,300 pills methamphetamine (ya bah). Photo: Phuket Provincial Police According to a report made available yesterday (Apr 11), the first arrest came last Wednesday (Apr 7) after a tip-off. Anucha ‘Golf’ Pinnoi, 28, was arrested at 10:30pm at the ground floor of a condominium complex on Muenag Naka Rd in Wichit. Anucha was reported to be in possession of 546.38 grams of ya ice, 508 pills of ya bah, together with 31 9mm bullets and 15 other items of evidence.

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