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Except for the extension of the tender offer expiration date to acquire Dollar Thrifty, all other terms and conditions of the tender offer remain unchanged.
Read More →Last week, Dollar Thrifty Automotive Group announced that its 'go-shop' period, in which the company had to review any competing solicitations before moving forward on the Hertz deal, has ended.
Read More →Upon the successful closing of the tender offer, stockholders of Dollar Thrifty common stock will receive $87.50 per share in cash.
Read More →FSNA said that Hertz’s completion of carving out Advantage’s financial statements, which is pursuant to the Advantage Purchase Agreement, is not expected until after November.
Read More →Franchise Services of North America and its partner Macquarie Capital have signed a purchase agreement with the Hertz Corp. to acquire Advantage Rent-A-Car once certain divested assets from Dollar Thrifty meet regulatory requirements.
Read More →The deal is valued at $2.3 billion and $87.50 per share. Hertz will also sell Advantage to Franchise Services of North America and Macquarie Capital.
Read More →Revenues flat, but net income up on rental day growth and a strong used vehicle market. Company calls for “compelling offer to be made” in regards to a Hertz merger to end “the constant distraction of merger speculation.”
Read More →Company reports it has 'agreed on the material terms' on the sale of its Advantage brand with a potential buyer. Announcement opens the door for a new Dollar Thrifty deal.
Read More →The company noted that its GAAP and non-GAAP earnings as well as its corporate adjusted EBITDA for the third quarter of 2010 were negatively impacted by $11.9 million of merger-related expenses, while the third quarter of 2011 was not impacted by such expenses.
Read More →While the company remains interested in obtaining FTC approval, Hertz announced Oct. 27 that it is withdrawing its exchange offer, which would have expired Nov. 1.
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