Hertz Extends Tender Offer Expiration Date for Dollar Thrifty

Hertz Global Holdings Inc. today announced that it has extended the expiration date of its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group Inc. for $87.50 per share.

The tender offer is now scheduled to expire at 5 p.m., New York City time, on Oct. 22, 2012, unless further extended in accordance with the merger agreement and the applicable rules and regulations of the U.S. Securities and Exchange Commission (SEC). The tender offer was previously scheduled to expire at midnight, New York City time, on Oct. 5, 2012.

Except for the extension of the tender offer expiration date, all other terms and conditions of the tender offer remain unchanged.

The depositary for the tender offer has advised Hertz that, as of the close of business on Oct. 4, approximately 6,570,988 shares of Dollar Thrifty common stock have been tendered into and not withdrawn from the tender offer (which includes shares subject to guaranteed delivery procedures).

The tender offer statement and related materials have been filed with the SEC. Dollar Thrifty stockholders who need additional copies of the tender offer statement and related materials or who have questions regarding the offer should contact Innisfree M&A Inc., the Information Agent for the offer, toll-free at (877) 456-3507.


See all merger-related news here.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Why Do We Visit Capitol Hill?

Members of the American Car Rental Association met with U.S. senators, representatives, and their aides last week. Here’s why bringing the message to this forum matters.

The Customer Isn’t Always Right

Not caving to a customer with a blatant agenda may have consequences, especially for a small rental company that relies on stellar Yelp ratings to advertise. But business integrity must prevail.

The Truth Behind Compact Van Depreciation

Why are large van values holding up better than their compact counterparts, and will it last?

Job Finder: Access Top Talent. Fill Key Positions.