Dollar Thrifty Automotive Group on Monday reaffirmed its support for a takeover bid from Hertz Global Holdings, passing on what it described as a more lucrative but riskier offer from the Avis Budget Group. The sticking point, once again, appeared to be Avis’s refusal to match the $44.6 million breakup fee in Hertz’s offer, on [...]
Hertz Global Holdings is standing by its deal to acquire the Dollar Thrifty Automotive Group, even after the Avis Budget Group unveiled on Thursday what it described as a significantly higher offer. Almost two weeks ago, Dollar Thrifty agreed to a revised cash-and-stock merger with Hertz, worth about $1.4 billion as of Thursday’s close. It [...]
6:24 p.m. | Updated In the months-long bidding war for the Dollar Thrifty Automotive Group, the Avis Budget Group is not going down without a fight. Avis on Thursday raised its offer for Dollar a second time, to about $1.5 billion, 11 days after Hertz Global Holdings raised its takeover offer for Dollar to about [...]
The government leads you to believe that we are in an economic recovery…however it is actually the total opposite. A depression and inflation are what the US is looking forward to.
6:55 p.m. | Updated Hertz Global Holdings agreed on Sunday to raise its takeover offer for the Dollar Thrifty Automotive Group to about $1.43 billion in stock and cash, trumping a rival offer from the Avis Budget Group. Under the new terms of the deal, Hertz will raise the cash portion of its offer, which [...]
The Avis Budget Group said on Thursday that it has raised its cash-and-stock bid for Dollar Thrifty Automotive Group to more than $1.3 billion and maintained that its offer remains superior to a proposal by Hertz Global Holdings. Avis said it has raised the cash portion of its bid to $40.75 per Dollar Thrifty share [...]
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