FTC Will Allow Enterprise Purchase of Vanguard

The Federal Trade Commission has announced it will not block Enterprise Rent-A-Car's purchase of Vanguard Car Rental Holdings LLC, reports the St. Louis Dispatch.

Enterprise agreed on March 30 to buy Vanguard, the owner of Alamo Rent-A-Car and National Car Rental. Vanguard was the fourth-largest car rental company.

The deal must now gain approval in Canada, which should occur by August, according to Enterprise.

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