Tag Archives: Dollar Thrifty
Dollar Thrifty

Hertz buying Dollar Thrifty for $2.3 billion

Hertz has announced that it will be buying its competitors Dollar Thrifty Automotive Group Inc. for a nice $2.3 billion. The move will give Hertz’s car rental business a chance to attract more customers and expand its international presence. Dollar Thrifty’s stock jumped up 7% in premarket trading yesterday. Hertz will pay $87.50 for each […]

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Avis said it will abandon efforts to acquire Dollar Thrifty

Avis Budget Group. Inc. has announced Tuesday that it will abandon its efforts to acquire Dollar Thrifty Automotive Group Inc., due to market conditions. “We have decided not to pursue a transaction at this time in light of current market conditions,” Avis said today in a regulatory filing. Avis’ bid for Dollar Thrifty came in […]

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Hertz offers $2.24 billion for Dollar Thrifty

Hertz, which is the largest publicly traded rental-car company, offered a bid to buy Dollar Thrifty Automotive Group Inc. for $2.24 billion in cash and stock. The bid tops one made by Avis about a year ago. Hertz’s bid comes in at $72 a share, 24 percent more than Avis’s offer. After Hertz made its […]

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Hertz ends quest to acquire Dollar Thrifty, Avis in the clear

Hertz has ended is quest to acquire Dollar Thrifty Automotive Group Inc. after shareholders rejected the $1.44 billion deal, and will work to expand its Advantage brand and U.S. off-airport business. With Hertz out of the way, Avis has a clear shot at a takeover with its $1.53 billion takeover offer. “We respect the vote […]

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