27 Aug '12, 9am

Hertz to acquire Dollar Thrifty group

Hertz to acquire Dollar Thrifty group 27 August 2012 Hertz Global Holdings, Inc. and Dollar Thrifty Automotive Group, Inc. have entered into a definitive merger agreement under which Hertz would acquire Dollar Thrifty for $87.50 per share in cash in a transaction valued at a corporate enterprise value of approximately $2.3 billion. Click to enlarge. The combination of Hertz and Dollar Thrifty will create a global, multi-brand rental car leader offering customers a full range of rental options. The boards of directors of both companies have unanimously approved the transaction. Hertz also announced that it has reached an agreement to sell the Advantage business to Franchise Services of North America (FSNA) and Macquarie Capital. FSNA is an experienced rental car operator with subsidiaries including, among others, U-Save, Rent-a-Wreck, Practicar and X Press Rent-a-Car. The c...

Full article: http://www.greencarcongress.com/2012/08/hertz-20120827.html

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