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Dollar Thrifty’s Board of Directors unanimously recommends that shareholders not tender their shares pursuant to Hertz's offer to acquire all of the outstanding shares of common stock of Dollar Thrifty for $72 per Dollar Thrifty share, consisting of $57.60 in cash and 0.8546 shares of Hertz common stock.
Read More →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 →Net income for the first quarter of 2011 is $16.5 million, down from $27.3 million a year earlier. Rental revenues were adversely impacted by the winter storms and a weakened pricing environment following the storms, the company said.
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.
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On their fourth quarter and full-year 2010 earnings calls, the three public car rental companies look into the crystal ball on prepaid rentals, franchising, new remarketing channels, potential mergers and growth opportunities.
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