SEC Approves Hertz and Dollar Thrifty Deal

Hertz Global Holdings Inc. said Tuesday that the Securities and Exchange Commission approved its registration statement for its proposed acquisition of Dollar Thrifty Automotive Group Inc.

Hertz said the registration statement includes a proxy statement/prospectus relating to the Dollar Thrifty stockholder vote required to approve the merger and covering shares of Hertz's common stock to be issued to Dollar Thrifty stockholders under the terms of the merger agreement.

In addition, Dollar Thrifty has started mailing the proxy statement/prospectus to its stockholders, seeking approval of the deal. The car rental company plans a shareholder vote on the deal at a special meeting on Sept. 16.

"Today's mailing by Dollar Thrifty represents the next step in achieving the agreed upon merger of Hertz and Dollar Thrifty which we look forward to completing in the near future. Dollar Thrifty's well-established presence in the value leisure segment of the U.S. airport car rental market, as well as other key international markets, complements Hertz's global presence in the business and premium leisure car rental segments," Hertz Chairman and CEO Mark P. Frissora said.

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

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

2017: Fleet Mix Will Be Paramount

Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.

Job Finder: Access Top Talent. Fill Key Positions.