Hertz CEO claims many people are trying to "screw up" Dollar Thrifty acquisition
Skift Take
It's good that the FTC is taking its time reviewing Hertz's acquisition of Dollar Thrifty. Consolidation has already harmed competition, and there are lots of moving pieces given the Advantage divestiture.
Hertz Global Holdings Inc. is optimistic that its $2.3 billion acquisition of Dollar Thrifty Automotive Group in November will receive final approval from U.S. antitrust regulators soon.
“We feel great that this thing is a pending announcement,” Chief Executive Officer Mark Frissora said in an interview today. “I can’t predict what the government is going to do, but we feel really good about things.”
The U.S. Federal Trade Commission pushed Park Ridge, New Jersey-based Hertz to sell the Advantage car-rental brand and 29 additional airport locations as a condition of acquiring Dollar Thrifty to create a competitor strong enough to keep Hertz, Avis Bu
