To preserve competition in the rental car business when No. 2 Hertz wanted to buy No. 4 Dollar Thrifty, U.S. regulators had a fix. Industry veteran Sandy Miller warned them it would blow up. He was right.
Advantage Rent A Car, spun off by Hertz Global Holdings Inc. to win U.S. approval for its purchase of Dollar Thrifty Automotive Group Inc., filed for bankruptcy after talks with Hertz over vehicle lease payments broke down.
Dollar Thrifty Automotive Group Inc. shareholders may extract the biggest price increase of any takeover in America as Hertz Global Holdings Inc. and Avis Budget Group Inc. vie for control of the car-rental company.
Six weeks in as chief executive officer of Dollar Thrifty Automotive Group Inc., Scott Thompson was facing a roomful of bankers who had loaned the rental-car company $2.5 billion and were having second thoughts.
Dollar Thrifty Automotive Group Inc. is offering a 24 percent profit for traders who bet regulatory scrutiny and the worst credit markets in two years won’t scuttle its takeover by Hertz Global Holdings Inc.
Dollar Thrifty Automotive Group Inc. , the rental-car company that agreed to be bought by Hertz Global Holdings Inc. , said it’s ready to consider a “substantially higher offer” from Avis Budget Group Inc.
Hertz Global Holdings Inc., which has been trying to acquire Dollar Thrifty Automotive Group Inc. for more than two years, has begun soliciting Dollar Thrifty shareholders to gauge their selling price, according to three people with knowledge of the process.