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Hertz moves ahead with merger after buying the majority of Dollar Thrifty’s shares
TransportHertz Global Holdings Inc. gained enough shares of stock of Tulsa-based Dollar Thrifty Automotive Group Inc. on Friday to clear the way for the completion of their $2.3 billion merger. At the close of business on Friday, more than half of Dollar Thrifty’s 29.4 million shares of stock outstanding had been sold to Hertz, executives [...]
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Hertz awaits Dollar Thrifty’s decision to merge after winning FTC approval on Thursday
TransportHertz Global Holdings won approval from the Federal Trade Commission on Thursday for its proposed $2.3 billion merger with Tulsa-based Dollar Thrifty Automotive Group. Commissioners voted 4-1 to allow the deal. Hertz next will attempt to complete its tender offer for Dollar Thrifty’s stock at $87.50 per share. The offer is scheduled to expire Friday, [...]
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Hertz will give up some airport locations in exchange for the FTC’s approval to buy Dollar Thrifty
TransportHertz Global Holdings Inc. (HTZ +7.26%) has tentatively agreed to shed about a dozen locations at U.S. airports in a concession aimed at winning U.S. regulatory approval for its proposed acquisition of rival Dollar Thrifty Automotive Group Inc., (DTG +5.40%) according to people familiar with the negotiations. By offloading airport locations, Hertz aims to allay Federal Trade [...]
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Hertz doubles down in $2.5 billion bid to acquire Dollar Thrifty
TransportHertz Global Holdings is nearing an agreement to acquire Dollar Thrifty Automotive Group for around $2.5 billion, sources familiar with the matter said on Saturday, potentially ending years of an on-again-off-again takeover battle involving the U.S. rental car companies. Under the terms of a deal that is expected to be announced in coming days, Hertz [...]
