Tagged Dollar Thrifty
July 15, 2011 in Rental Operations
Hertz has filed a Notification and Report Form with the federal antitrust authorities under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
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July 11, 2011 in Rental Operations
The exchange offer and withdrawal rights are now scheduled to expire at midnight EST on August 5, 2011, unless further extended.
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June 22, 2011 in Rental Operations
Under the long-term agreement, Expedia.com, Hotwire.com and Carrentals.com will continue to offer Dollar Rent A Car and Thrifty Car Rental as preferred car rental brands.
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June 14, 2011
Purchase price is approximately $1 billion total. “While Avis Budget will continue to monitor the Dollar Thrifty situation, the Company's focus squarely will be on completing and integrating the significant acquisition of Avis Europe,” according to a press statement by the companies.
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June 6, 2011 in Rental Operations
Dollar Thrifty’s Board of Directors unanimously recommends that shareholders not tender their shares pursuant to Hertz's offer to acquire all of the outstanding shares of common stock of Dollar Thrifty for $72 per Dollar Thrifty share, consisting of $57.60 in cash and 0.8546 shares of Hertz common stock.
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June 3, 2011
Concessions regarding a merger with Dollar Thrifty called “manageable.” Full FTC report has not yet been released.
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May 25, 2011 in Rental Operations
Hertz is offering to exchange each share of Dollar Thrifty for $57.60 in cash and 0.8546 shares of Hertz.
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May 19, 2011
Dollar Thrifty Automotive Group's Board of Directors has adopted a plan that is designed to deter or slow down any hostile takeover.
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May 16, 2011 in Rental Operations
To help win regulatory approval, the German car rental firm is in talks to take some of the business from an Avis Budget/Dollar Thrifty merger, according to the New York Post.
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May 13, 2011 in Rental Operations
Hertz says it is engaged in discussions with the FTC and has commenced a process for the divestiture of its Advantage brand.
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