Hertz (HTZ +4.6%) says it will not raise its offer for Dollar Thrifty (DTG -3%), a day after...

|By:, SA News Editor

Hertz (HTZ +4.6%) says it will not raise its offer for Dollar Thrifty (DTG -3%), a day after Avis (CAR +2.6%) sweetened its bid for the company. Hertz's latest offer was for $50.25 in cash and stock for each Dollar Thrifty share. Previous Avis bids have been rejected due to worries over antitrust complications.