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

Who is the Local Operator of the Future?

In an autonomous vehicle environment, the business model will change, but fleet management will be more important than it is today.

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Job Finder: Access Top Talent. Fill Key Positions.