Herc Holdings Says Sale Process For The Cinelease Studio Entertainment Business Is Ongoing
Portfolio Pulse from Benzinga Newsdesk
Herc Holdings has announced that the sale process for its Cinelease Studio Entertainment business is ongoing. This move is part of the company's strategy to streamline its operations and focus on its core rental business.

July 23, 2024 | 10:39 am
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Herc Holdings is in the process of selling its Cinelease Studio Entertainment business to streamline operations and focus on its core rental business.
The sale of the Cinelease Studio Entertainment business is a strategic move by Herc Holdings to streamline its operations and concentrate on its core rental business. This could lead to a more focused business model and potentially improve financial performance, positively impacting the stock price in the short term.
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