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Concessions regarding a merger with Dollar Thrifty called “manageable.” Full FTC report has not yet been released.
Read More →Hertz is offering to exchange each share of Dollar Thrifty for $57.60 in cash and 0.8546 shares of Hertz.
Read More →Dollar Thrifty Automotive Group's Board of Directors has adopted a plan that is designed to deter or slow down any hostile takeover.
Read More →To help win regulatory approval, the German car rental firm is in talks to take some of the business from an Avis Budget/Dollar Thrifty merger, according to the New York Post.
Read More →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 →Avis Budget Group reports net income of $7 million in the first quarter of 2011, compared with a year-earlier loss of $38 million. Revenue rose 7 percent to $1.24 billion. The company also released a statement on the potential Dollar Thrifty merger.
Read More →Dollar Thrifty Automotive Group increased net income from $45 million in 2009. The company noted that rental revenue was flat on a year-over-year basis and also discussed the status of a potential merger with Avis Budget Group.
Read More →For the Dollar-Thrifty Group, Avondale maintained its Market Perform rating and its $47 price target as long as merger speculation continues.
Read More →“… the FTC's position with respect to the competitive issues remains uncertain,” the companies wrote in a joint statement.
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