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

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

Trends Moving the Truck Market

Storylines that emerged from the 2018 Work Truck Show include the increasing need for on-site productivity, inclusion of active safety systems in trucks, DPF frustrations affecting product decisions, data management, and the growing link between fleet management and company revenue.

MIT Study Reinforces the Newfound Importance of Fleet

Uber and Lyft drivers make far less when factoring vehicle expenses, though the actual numbers are now in dispute. A proper lifecycle cost analysis would’ve helped, and shows the benefit of collaboration with fleet professionals.

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Job Finder: Access Top Talent. Fill Key Positions.