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After the company didn't receive any offers that its board approved of, it says it will continue to execute the current stand-alone plan.
Read More →Back on Aug. 21, Dollar Thrifty had asked for final bids from Hertz and Avis, which dropped out Sept. 6. Though Dollar Thrifty did not accept an earlier bid from Hertz, a Hertz spokesperson says ‘Hertz remains interested.’
Read More →In a regulatory filing today, Avis Budget Group Inc. said it is dropping its bid for Dollar Thrifty Automotive Group because of “current market conditions.”
Read More →The exchange offer and withdrawal rights will expire Nov. 1, but no other aspect of the terms or offerings changed.
Read More →Hertz has received a request for additional information from the FTC relating to Hertz's proposed acquisition of Dollar Thrifty.
Read More →Company cites earnings pressure from merger-related expenses, weak rate environment and Japan supply disruptions, partially offset by a decline in direct vehicle and operating expenses.
Read More →Board's contradictory strategy erodes shareholder value; threatens merger options, say Teamsters.
Read More →Hertz has filed a Notification and Report Form with the federal antitrust authorities under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Read More →Purchase price is approximately $1 billion total. “While Avis Budget will continue to monitor the Dollar Thrifty situation, the Company's focus squarely will be on completing and integrating the significant acquisition of Avis Europe,” according to a press statement by the companies.
Read More →Dollar Thrifty’s Board of Directors unanimously recommends that shareholders not tender their shares pursuant to Hertz's offer to acquire all of the outstanding shares of common stock of Dollar Thrifty for $72 per Dollar Thrifty share, consisting of $57.60 in cash and 0.8546 shares of Hertz common stock.
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