Hertz Global Holdings Inc. has announced that commencing January 1, 2011, the Company's $474,755,000 Aggregate Principal Amount of 5.25% Convertible Senior Notes Due 2014 will be convertible by holders of the Notes.
This conversion right has been triggered because the company's closing common stock price per share exceeded $10.77 for at least 20 trading days during the 30 consecutive trading day period ending on December 31, 2010.
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