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The car rental company said proceeds from the asset-backed notes will be used to fund vehicle purchases and general purposes, as well as repay debt.
Read More →The car rental company’s registration statement, which was filed with the Securities and Exchange Commission, includes a preliminary prospectus covering shares of Hertz's common stock to be issued to Dollar Thrifty stockholders under the terms of the merger agreement.
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The mobile Website offers customers a full equipment catalog, allows them to submit rental requests, find the nearest HERC location and contact the company directly from their smart phones.
Read More →The car rental company said it plans to file this week for a Federal Trade Commission antitrust review of its proposed purchase of Dollar Thrifty Automotive Group Inc. Hertz also made a filing with the Securities and Exchange Commission on Tuesday that outlined its views on the advantages of combining with Dollar Thrifty.
Read More →How will the potential Hertz acquisition of Dollar Thrifty affect franchisees and independents?
Read More →Dollar Thrifty responds to Avis Budget Group's May 3 letter about offering a competing bid to Hertz and tells the company that it “is prepared to entertain a 'substantially higher offer.” Dollar Thrifty also tells Avis Budget that it "mischaracterized prior events and interactions between the two companies."
Read More →Ronald Nelson, Avis Budget’s chairman and chief executive officer, sends a letter to Dollar Thrifty’s executives and says the company wants to make a “substantially higher offer” than Hertz.
Read More →The deal would give Hertz 1,550 additional locations worldwide and a total of 9,800 across six continents. The combined market share for the group will be 24 percent, based on Auto Rental News’ 2009 estimates of total fleet size.
Read More →The car rental company moved into a new upscale facility, located in both the A and B terminals. Customers can now make an easy in-terminal walk to pick up their Hertz rental, instead of catching a shuttle bus to an off-site pick-up location.
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Seavey will be based at Hertz's corporate headquarters in Park Ridge, N.J. He will oversee the off-airport business unit, which covers insurance replacement, leisure and commercial rentals in urban and suburban markets across the country.
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