Hertz Global Holdings Inc. withdrew its $1.94 billion offer to buy Dollar Thrifty Automotive Group Inc. after almost 18 months of intermittently trying to acquire the smaller car-rental company and being rejected.
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.
Billionaire Haim Saban called on CBS Corp.’s Showtime Networks to cancel Oliver Stone ’s planned “Secret History of America” documentary series after the filmmaker made remarks that were criticized as anti-Semitic.
The trustee for Lehman Brothers Holdings Inc. ’s brokerage charged $12,600 to review documents outlining terms of its purchase by Barclays Plc , and now says he didn’t know what he was signing, according to a Barclays lawyer.
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.
Hertz Global Holdings Inc. and Avis Budget Group Inc. may push Dollar Thrifty Automotive Group Inc.’s share price as high as $100 as they bid to be the second- largest U.S. rental-car company, analysts said.