Hertz initiates tender offer for Dollar Thrifty

Hertz Global Holdings on Monday commenced its tender offer for Dollar Thrifty Automotive Group.

On Aug. 26, Hertz agreed to acquire each of Dollar Thrifty’s outstanding shares of common stock for $87.50 per share, a deal worth about $2.6 billion.

Dollar Thrifty’s board of directors has recommended that its shareholders accept the offer.

The tender offer expires at the end of day on Oct. 5.
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll

Voices

  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."

    More»

TW Index: Most Active Stocks

Latest Top News:
Caribbean
Europe
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics