Tagged Hertz

Avis Increases Cash Portion of Dollar Thrifty Bid

September 3, 2010

Avis Budget said the offer amounts to a premium of more than 22 percent over the Hertz Global Holdings Inc. offer.

Majors Report Q2 Earnings

By Chris Brown , September 2010

Dollar Thrifty again leads profit performance. Commercial business rebounds; leisure lags.

Phoenix Car Rental Agencies Owe $100,000 in Unpaid Parking Tickets

September 1, 2010

According to city records, major car rental companies account for some of the largest individual debts.

Hertz Releases Report on Anti-Trust Risks in Dollar Thrifty Acquisition

September 1, 2010

Both the pricing data and the GUPPI results in the report support Hertz's view that a merger of Avis Budget and Dollar Thrifty poses a far higher anti-trust risk than a merger of Hertz and Dollar Thrifty.

Hertz Forms Remarketing Partnership With Dealer Services Corp.

August 25, 2010 in Remarketing

DSC customers will be able to purchase wholesale vehicles directly from Hertz’s national fleet of well-equipped used cars, trucks, and SUVs, by contacting their local sales representative.

Hertz Acquires Italian Power Generation Rental Company

August 25, 2010

The acquisition was made by HERC's European business unit for an undisclosed sum and will be integrated into HERC's European operations.

SEC Approves Hertz and Dollar Thrifty Deal

August 18, 2010

The Securities and Exchange Commission approved The Hertz Corp.'s registration statement for its proposed acquisition of Dollar Thrifty Automotive Group Inc. DTG will hold a special meeting on Sept. 16 for shareholders to vote on the deal.

Hertz Offers European Travelers ‘Family Pack’ Discounts

August 11, 2010

The car rental company is offering a free second driver and discounted child seats to customers who book a minimum five-day rental before Nov. 30, 2010.

Hertz Boosts Worldwide Revenues 7.1 Percent in Second Quarter

August 4, 2010

Hertz reports record worldwide pre-tax income boost of 21.9 percent. U.S. car rental revenues increase 10.1 percent year over year. Company reports slight pre-tax loss attributed to one-time gain in second quarter 2009.

Dollar Thrifty Assesses Avis Budget Proposal in Aug. 3 Letter

August 4, 2010

In regards to the Hertz merger, Dollar Thrifty takes issue with "Avis Budget's unwillingness to provide a reverse termination fee," which DTAG interprets as a "lack of confidence by Avis Budget in its position" in regards to its ability to remediate any competitive issues and antitrust risks.

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