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FSNA Announces Management Changes

Tom McDonnell will be the company's sole chief executive officer and chairman. Sanford Miller, the former co-chief executive officer and co-chairman, will not continue in an executive capacity with the company but will continue to serve as a director.

Hertz Completes Dollar Thrifty Acquisition

Hertz revised earlier statements on the number of on-airport Dollar Thrifty locations it will have to divest, but said it has completed purchasing 99.6% of the shares of Dollar Thrifty common stock.

FTC Rules on Hertz’s Acquisition of Dollar Thrifty

According to the FTC’s complaint, Hertz’s original proposed acquisition of Dollar Thrifty would be anticompetitive and would violate both Section 5 of the FTC Act and Section 7 of the Clayton Act, in a number of airport car rental markets.