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In conjunction with the agreement, DTAG repurchased 1,451,193 shares of stock, or approximately 5% of its common shares outstanding, which reduces the company’s excess cash on hand in an effort to optimize the company's capital structure.
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Thompson is also the company's president and CEO.
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 →Through its various incarnations, the American Car Rental Association has continuously advocated for major car rental companies, franchise owners and large and small independents. Today, the association is stronger than ever.
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.
Read More →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.
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Enterprise and Dollar Rent-A-Car locations in the path of Hurricane Irene are working with utilities companies and local governments to provide community relief, while also repairing their own damages.
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