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Shares of Hertz have jumped 44 percent over the past three months. Avis, which has a $1.57 billion bid for Dollar Thrifty awaiting government approval, has seen shares rise 46 percent.
Read More →The plaintiffs’ complaint states that the acquisition will lessen competition, increase prices, reduce supply and negatively impact service.
Read More →The car rental company’s stock price will depend on the health of the overall economy.
Read More →Avis has yet to enter into a merger agreement with Dollar Thrifty and has not commenced its promised exchange offer for Dollar Thrifty.
Read More →In a joint statement the two companies said: 'Dollar Thrifty and Avis Budget have agreed to cooperate with respect to Avis Budget's efforts to pursue antitrust clearance of the proposed acquisition by Avis Budget of Dollar Thrifty.'
Read More →Avis Budget states it is planning an exchange offer for Dollar Thrifty's shares within the next 10 business days.
Read More →Hertz states it is taking the necessary steps to cease activities related to the acquisition of Dollar Thrifty.
Read More →Prior to the shareholder vote, Hertz said it would end efforts to acquire Dollar Thrifty if DTAG shareholders rejected the deal. The final vote results totaled 11,811,154 votes for and 13,830,126 against, with 4,735 abstentions.
Read More →One top Dollar Thrifty shareholder said Hertz’s cash-and-stock offer undervalues his holdings.
Read More →Dollar Thrifty press release states: "Avis Budget has not demonstrated to our satisfaction ... that it would adequately protect our shareholders in the event that Avis Budget is unable to obtain the required regulatory approvals."
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