More than two years after its original bid, it agreed Sunday to buy Dollar Thrifty Automotive Group

FILE - In this May 9, 2011 file photo, customers wait in line at a Hertz rental car counter at San Jose International Airport in San Jose, Calif. More than two years after its original bid, Hertz agreed Sunday, Aug. 26, 2012, to buy Dollar Thrifty discount hotel prices in las vegas Automotive discount hotel prices in las vegas Group Inc. for about $2.3 billion, giving it more ways to attract travelers and expand discount hotel prices in las vegas its international presence. It will also give the company discount hotel prices in las vegas a leg up against competition from an increasing number of smaller competitors.
FILE - In this June 14, 2008 file photo, a Hertz logo is seen at the Hertz car rental counter in Cedar Rapids, Iowa. More than two years after its original bid, Hertz agreed Sunday, Aug. 26, 2012, to buy Dollar omni hotel richmond Thrifty Automotive discount hotel prices in las vegas Group Inc. for about $2.3 billion, giving it more ways to attract travelers and expand its international presence. It will also give the company a leg up against competition from an increasing number of smaller competitors.
FILE - In this May 9, 2011 file photo, customers wait in line at a Dollar omni hotel richmond rental car counter at San Jose International Airport in San Jose, Calif. discount hotel prices in las vegas More than two years after its original bid, Hertz agreed discount hotel prices in las vegas Sunday, Aug. 26, 2012, to buy Dollar Thrifty Automotive Group Inc. for about $2.3 billion, giving it more ways to attract travelers and expand its international presence. It will also give the company a leg up against competition from an increasing number of smaller competitors.
More than two years after its original bid, it agreed Sunday to buy Dollar Thrifty Automotive Group Inc. for about $2.3 billion, giving it more ways to attract travelers and expand its international presence. It will also give the company a leg up against competition from an increasing discount hotel prices in las vegas number of smaller competitors.
Nothing will change immediately omni hotel richmond for consumers. omni hotel richmond Travelers that rent through Dollar Thrifty will still visit that counter for service. In the long run, prices in many markets will almost certainly rise as the two companies streamline their operations.
Both rental companies have grown stronger omni hotel richmond and more valuable in the years since they first considered teaming up. Both stocks have almost doubled in value, and they've reported robust quarterly financial results as the volume of car rentals soared. But still-fierce omni hotel richmond competition has prevented the industry from raising prices, which has dragged on revenue. Fewer big competitors mean a better discount hotel prices in las vegas chance of higher rates.
Avis dropped its bid nearly a year ago citing market conditions. Then, in October omni hotel richmond discount hotel prices in las vegas of last year, Hertz dropped its bid, too. But Dollar Thrifty didn't trust that the years of attempts were over. In February, it extended its shareholder rights plan known as a "poison pill" a maneuver discount hotel prices in las vegas designed to deter any unsolicited attempts discount hotel prices in las vegas to take over the company through May 2013.
In an interview Monday with The Associated Press , Hertz Chairman and CEO Mark P. Frissora said this deal will help it fight against a growing number omni hotel richmond of small regional rental companies discount hotel prices in las vegas popping up in airports omni hotel richmond across the country. He said those competitors, along with European rivals like Germany's Sixt doing more U.S. business, will likely cause the rate wars to continue for now.
Both Hertz and Dollar discount hotel prices in las vegas Thrifty's boards have unanimously approved omni hotel richmond the deal, which still needs antitrust clearance from the Federal Trade Commission discount hotel prices in las vegas . Hertz said it has stayed in close contact with the FTC to secure clearance and that Dollar Thrifty will fully cooperate with the process.
Frissora is confident the two companies omni hotel richmond will be able to get the deal "swiftly approved" by regulators. discount hotel prices omni hotel richmond in las vegas He said the deal is more of a certainty this time around because of the massive preparation Hertz undertook before the deal was announced.
omni hotel richmond Hertz is also selling its Advantage business to rental car company Franchise Services of North America and Macquarie Capital omni hotel richmond for undisclosed terms. The Advantage deal depends discount hotel prices in las vegas upon Hertz completing the Dollar Thrifty buyout.
discount hotel prices in las vegas Hertz has about 8,650 corporate and licensee omni hotel richmond locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Dollar and Thrifty have approximately 280 corporate locations in the United States and Canada. The company also has about 1,300 franchise locations in 82 countries.