FTC Asks Avis Budget to Provide More Information on Dollar Thrifty Acquisition

Avis Budget Group Inc. said Tuesday that it has received a request for additional information from the U.S. Federal Trade Commission regarding the company's potential acquisition of Dollar Thrifty Automotive Group Inc. 

Avis Budget filed for antitrust approval in May and said it would make a potential bid for Dollar Thrifty that would be larger than the $1.2 billion in cash and stock offered by its rival, Hertz Global Holdings Inc.

Avis has not disclosed details about a potential bid, but said it continues to cooperate with the FTC on the matter.

Industry analysts caution that the FTC's second request should not be viewed as either leaning toward approval of or against the acquisition.

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

A Shared Mobility Model Takes Shape for Fleets

Technology that allows cab drivers flexible access to a shared fleet is leveling the playing field for an 89-year-old taxi company.

Safety Tech: Crash Avoidance or Sensory Overload?

As advanced safety technologies become even more pervasive on mainstream vehicles, are we creating “stupid drivers?"

Own the Fleet, Own the Future

In the dialogue surrounding new transportation paradigms, fleets have been off the public radar until recently. Here’s what’s going on, and a way for you to participate in the conversation.

Job Finder: Access Top Talent. Fill Key Positions.

>