Late last week, Hertz Global Holdings, Inc. announced its revised merger/acquisition agreement to buy Dollar Thrifty Automotive Group for $50 per share. The original agreement was made in April at a price of $41 per share (~$1.2 billion) before Avis Budget Group joined the bidding war by making its own increased $1.35 billion cash and stock bid in between.
Disclosure: long all stocks
Disclosure: long all stocks