Seeking Alpha

After two years of trying, Hertz (HTZ) is set to acquire Dollar Thrifty (DTG) in a deal worth...

After two years of trying, Hertz (HTZ) is set to acquire Dollar Thrifty (DTG) in a deal worth $2.3B. The price of $87.50/share represents a premium of 8% on the latter's close of $81 on Friday. To help obtain the blessing of regulators, Hertz also agrees to sell its Advantage Rent-A-Car unit to Franchise Services of North America and Macquarie Capital for a reported $16M. (PR)
From other sites
Comments (1)
  • marilyn61
    , contributor
    Comments (173) | Send Message
     
    So it's taken three long years but HTZ have finally reached agreement. This should give them a huge boost in the European markets now providing both top of the range rental vehicles plus budget ones. That in addition to the extra airport franchises should make them a force to be reckoned with.
    27 Aug 2012, 03:25 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs