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Shares of Hertz Global (HTZ -7.5%) and Avis Budget (CAR -8.4%) both fall harder than Dollar...
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Friday, June 1, 2012, 12:58 PM ETShares of Hertz Global (HTZ -7.5%) and Avis Budget (CAR -8.4%) both fall harder than Dollar Thrifty (DTG -2.2%) as the dance between the three car rental companies continues. The prevailing thought is that if Hertz doesn't snap up Dollar Thrifty fairly quickly, it risks Avis coming back in to bid. But tricky part for the company is that it has to divest assets, appease DTG shareholders, and deal with the FTC to get a buyout done.
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