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Hertz to Acquire Dollar Thrifty for $1.2 Billion

The deal will give Hertz an additional 1,550 locations worldwide and a total of 9,800 across six continents. Under the terms of the deal, Hertz will pay $41 a share, a 19 percent premium over Dollar Thrifty’s 30-day average stock price. The offer is 80 percent cash and 20 percent stock.

April 26, 2010

Dollar Thrifty Completes $200 Million Asset-Backed Financing

The transaction provides the company with the funding to complete expected fleet purchases, DTG’s President and CEO Scott L. Thompson said. "It also confirms that the company is again able to access vehicle financing at competitive rates and enhancement levels and highlights our plan to lower the overall interest carry cost of our fleet consistent with our focus on return on assets," he added.

April 14, 2010

Dollar Thrifty Plans for Refranchising, Remarketing and Recovery