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Avis is looking to take on more debt to finance the deal. The offer, which would top Hertz’s $1.2 billion bid, could come in late July or early August.
Read More →The car rental company expects second quarter improvements on guidance, though it is lowering revenue guidance, along with fleet costs, for full year 2010. Avis Budget bid likely before Aug. 18, analysts say.
Read More →The car rental company opened corporate locations to serve two of the top 100 airports in the United States, as well as 15 new franchise locations.
Read More →The “customer-choice” rental service allows customers to reserve a vehicle class and size, and then select their own vehicle from those available on the lot at the time of arrival. The car rental company says it plans to rollout out this service in 10 cities, including Miami, Cleveland, Dallas Love Field and Baltimore, by the end of this year.
Read More →The car rental company said the transaction will provide additional long-term fleet funding before the next scheduled fleet debt matures.
Read More →Industry analysts caution that the FTC’s second request should not be viewed as either leaning toward approval of or against the acquisition.
Read More →Avis expects the regulatory review process to take several months and believes it is under no immediate pressure to bid for Dollar, according to people familiar with the situation.
Read More →The car rental company’s registration statement, which was filed with the Securities and Exchange Commission, includes a preliminary prospectus covering shares of Hertz's common stock to be issued to Dollar Thrifty stockholders under the terms of the merger agreement.
Read More →The car rental company said it plans to file this week for a Federal Trade Commission antitrust review of its proposed purchase of Dollar Thrifty Automotive Group Inc. Hertz also made a filing with the Securities and Exchange Commission on Tuesday that outlined its views on the advantages of combining with Dollar Thrifty.
Read More →How will the potential Hertz acquisition of Dollar Thrifty affect franchisees and independents?
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