The Dollar Thrifty car rental company discount travel sites has said it will defend discount travel sites an acquisition bid by industry leader Hertz before US authorities in the same way it defended a competing offer from Avis.Dollar Thrifty "has agreed to cooperate with Hertz Global Holdings, Inc. with respect to Hertz's efforts to pursue antitrust regulatory clearance of its proposed acquisition," it said in a statement Thursday."As previously announced on May 9, 2011, Dollar Thrifty's board of directors will review and consider Hertz's exchange offer, which has not yet been commenced," it added.
Brendan Wagner submits: Car rental giant Hertz (HTZ) announced that they will acquire Dollar Thrifty (DTG) for $41 per share in cash, for a a 19% premium to the 30-day average closing price of Dollar
By Suman Chatterjee:As of December 2010, the Avis Budget Group (CAR), comprising of Avis and Budget, harbored over 345,000 rental vehicles and recorded around 22 million vehicle rental transactions worldwide. Ah! Avis Budget definitely is an established player in the vehicle rental industry.
After stronger than expected fourth quarter earnings, Hertz (HTZ) may dust off its M&A playbook in 2012 and retry an acquisition of Dollar Thrifty (DTG) to alleviate pricing pressures, according to industry analysts. Hertz may look at a merger discount travel sites with Dollar Thrifty as a way to stay aggressive in 2012 after its shares rose sharply ...
Avis Budget Group (CAR) said today it wants to make an acquisition offer for Dollar Thrifty Automotive Group (DTG) to rival Hertz Global Holdings (HTZ) offer, which Dollar Thrifty has already agreed to.
Avis released the contents of a letter from its CEO to Dollar Thrifty, in which Avis chairman and CEO Ronald Nelson said he was surprised to learn of Dollars agreement with Hertz, as he had been planning to meet with Dollar CEO Scott Thompson regarding a potential discount travel sites deal between their two companies.
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