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Franchise Services of North America and its partner Macquarie Capital have signed a purchase agreement with the Hertz Corp. to acquire Advantage Rent-A-Car once certain divested assets from Dollar Thrifty meet regulatory requirements.
Read More →The deal is valued at $2.3 billion and $87.50 per share. Hertz will also sell Advantage to Franchise Services of North America and Macquarie Capital.
Read More →Company reports it has 'agreed on the material terms' on the sale of its Advantage brand with a potential buyer. Announcement opens the door for a new Dollar Thrifty deal.
Read More →In Europe, Advantage offers vehicles in mini, economy, compact, intermediate and premium categories.
Read More →In a new promotion, “Working for the Weekend,” Hertz will give U.S. travel agent members of the rewards program a chance to win a new car as well as additional rewards points.
Read More →John Holt has been appointed Vice President, Advantage Rent A Car, effective immediately, and reporting to the Company's Chairman and Chief Executive Officer, Mark P. Frissora.
Read More →Hertz also promotes Lois Boyd to president of Hertz Equipment Rental Corporation.
Read More →The Hertz Corporation said it will open six more locations by November.
Read More →Hertz states it is taking the necessary steps to cease activities related to the acquisition of Dollar Thrifty.
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.
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