Hertz Global Holdings Inc. said Tuesday that the Securities and Exchange Commission approved its registration statement for its proposed acquisition of Dollar Thrifty Automotive Group Inc.
Hertz said the registration statement includes a proxy statement/prospectus relating to the Dollar Thrifty stockholder vote required to approve the merger and covering shares of Hertz's common stock to be issued to Dollar Thrifty stockholders under the terms of the merger agreement.
In addition, Dollar Thrifty has started mailing the proxy statement/prospectus to its stockholders, seeking approval of the deal. The car rental company plans a shareholder vote on the deal at a special meeting on Sept. 16.
"Today's mailing by Dollar Thrifty represents the next step in achieving the agreed upon merger of Hertz and Dollar Thrifty which we look forward to completing in the near future. Dollar Thrifty's well-established presence in the value leisure segment of the U.S. airport car rental market, as well as other key international markets, complements Hertz's global presence in the business and premium leisure car rental segments," Hertz Chairman and CEO Mark P. Frissora said.