Hertz Shifts Focus to Advantage Expansion

Hertz Global Holdings Inc. commented on Dollar Thrifty's report of a "No" vote yesterday by its stockholders on the merger agreement between the two companies.

"Subject to final confirmation of the results of the stockholder meeting, we will focus on implementing our strategy to rapidly accelerate the expansion of Advantage Rent-a-Car and the U.S. off-airport business," said Mark P. Frissora, Hertz's chairman and chief executive officer. "This strategy builds on several straight quarters of faster revenue growth in the U.S. airport rental market compared with our publicly traded competitors. Additionally, we started taking the necessary steps to cease activities related to the acquisition of Dollar Thrifty, as previously announced."

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