Hertz Global Holdings said Tuesday that the company completed its acquisition of Dollar Thrifty Automotive Group, five days after receiving Federal Trade Commission approval for the deal and three months after initially agreeing on the transaction.
With the acquisition, Hertz’s U.S. market share for car rentals rises to 26% from 19%, according to trade publication Auto Rental News. Enterprise Holdings — parent of Enterprise, National and Alamo —accounts for about half of the U.S. market.
Hertz in August agreed to buy Dollar Thrifty for $2.6 billion after a 28-month courtship. It agreed to sell its Advantage division to Macquarie Capital, which owns Rent-a-Wreck and U-Save Car & Truck Rental, as a condition of the acquisition.
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