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The car rental company expects corporate adjusted EBITDA, excluding merger-related expenses, to be within $240 million to $260 million for the full year of 2010, an increase of $40 million from the company's previously announced guidance range.
Read More →Both the pricing data and the GUPPI results in the report support Hertz's view that a merger of Avis Budget and Dollar Thrifty poses a far higher anti-trust risk than a merger of Hertz and Dollar Thrifty.
Read More →Dollar and Thrifty plan to launch new international Web sites, which feature market-specific products and use country-specific languages and currencies.
Read More →The Securities and Exchange Commission approved The Hertz Corp.'s registration statement for its proposed acquisition of Dollar Thrifty Automotive Group Inc. DTG will hold a special meeting on Sept. 16 for shareholders to vote on the deal.
Read More →"Getting Canadian antitrust regulatory approval is another step in the process for us to successfully complete the merger with Dollar Thrifty which we look forward to completing in the near future,” said Hertz Chairman and CEO, Mark P. Frissora.
Read More →In regards to the Hertz merger, Dollar Thrifty takes issue with "Avis Budget's unwillingness to provide a reverse termination fee," which DTAG interprets as a "lack of confidence by Avis Budget in its position" in regards to its ability to remediate any competitive issues and antitrust risks.
Read More →Total revenue flat due to planned reduction in leasing to franchises. Same-store revenue up 2.9 percent. Revenue gains for vehicle rentals partially offset by drop in rental days, though volume improving. Utilization up. Strong used-car market keeps vehicle depreciation costs in check.
Read More →Bid of $46.50 a share tops Hertz offer, though lower than Dollar Thrifty’s current stock value. Avis bid includes 'removing the matching rights, eliminating the break-up fees, and increasing the commitment to secure antitrust approvals,' according to an Avis Budget Group letter to Dollar Thrifty.
Read More →Beginning in August, Dollar will be the exclusive car rental provider for JetBlue Getaways, which provides customer-defined vacation packages and deals that bundle JetBlue airfare, hotel and/or a rental car.
Read More →Although Dollar Thrifty has already signed a merger agreement with Hertz Global Holdings, Avis has expressed interest in making a ‘substantially higher bid’ for the company.
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