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Two franchisees and a property owner have filed an anti-trust lawsuit against Hertz Global Holdings Inc. and Dollar Thrifty Automotive Group Inc. on Sept. 23 in the San Francisco Federal Court.
Read More →Moody's has Hertz on downgrade watch, Standard & Poor's on positive.
Read More →New purchase price of $50 per share represents an increase of $10.80 per share in the cash consideration to be paid to Dollar Thrifty shareholders. Other key provisions remain unchanged, including a $44.6 million reverse termination fee payable to Dollar Thrifty if required antitrust clearance is not obtained.
Read More →Avis Budget said the offer amounts to a premium of more than 22 percent over the Hertz Global Holdings Inc. offer.
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Dollar Thrifty again leads profit performance. Commercial business rebounds; leisure lags.
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 →Company reports total revenue decrease of 1 percent versus second quarter 2009 and pretax income of $29 million, versus $2 million pretax loss in prior year. Rental day decrease and flat average daily rate offset by decrease car rental depreciation costs.
Read More →In regards to the Hertz merger, Dollar Thrifty takes issue with "Avis Budget's unwillingness to provide a reverse termination fee," which DTAG interprets as a "lack of confidence by Avis Budget in its position" in regards to its ability to remediate any competitive issues and antitrust risks.
Read More →Bid of $46.50 a share tops Hertz offer, though lower than Dollar Thrifty’s current stock value. Avis bid includes 'removing the matching rights, eliminating the break-up fees, and increasing the commitment to secure antitrust approvals,' according to an Avis Budget Group letter to Dollar Thrifty.
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