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Hertz says it is engaged in discussions with the FTC and has commenced a process for the divestiture of its Advantage brand.
Read More →Hertz's new offer is for $72 a share. Hertz said it will divest discount brand Advantage to gain FTC clearance.
Read More →“… the FTC's position with respect to the competitive issues remains uncertain,” the companies wrote in a joint statement.
Read More →Shares of Hertz have jumped 44 percent over the past three months. Avis, which has a $1.57 billion bid for Dollar Thrifty awaiting government approval, has seen shares rise 46 percent.
Read More →Consumer groups are asking the Federal Trade Commission to require rental car companies to abide by the same rule as auto dealers.
Read More →The car rental company’s stock price will depend on the health of the overall economy.
Read More →In a joint statement the two companies said: 'Dollar Thrifty and Avis Budget have agreed to cooperate with respect to Avis Budget's efforts to pursue antitrust clearance of the proposed acquisition by Avis Budget of Dollar Thrifty.'
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 →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 →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.
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