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Hertz Ups Dollar Thrifty Bid, Begins Divestiture of Advantage

New purchase price of $50 per share represents an increase of $10.80 per share in the cash consideration to be paid to Dollar Thrifty shareholders. Other key provisions remain unchanged, including a $44.6 million reverse termination fee payable to Dollar Thrifty if required antitrust clearance is not obtained.

Hecker Reaches Plea Deal

Former auto dealer and Advantage Rent A Car owner pleads guilty to fraud and conspiracy. Hecker faces up to 10 years in prison, but avoids a 20-year maximum sentence.

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