Saturday, July 31, 2010

Avis offers $1.33B for Dollar Thrifty in effort to trump Hertz for rental car company

PARSIPPANY, N.J. — Avis Budget Group Inc. said Wednesday it has offered $1.33 billion in cash and stock for rival rental-car operator Dollar Thrifty Automotive Group Inc.The bid is an effort to trump Hertz Global Holdings Inc., which in April said it was buying Dollar Thrifty for about $1.17 billion in cash and stock."In short, we believe that the higher purchase price we are offering, combined

No comments:

Post a Comment