Rental car company Hertz is buying its rival Dollar Thrifty Automotive Group Inc. for approximately

Rental car company rome cheap hotels Hertz is buying rome cheap hotels its rival Dollar Thrifty Automotive Group Inc. for approximately $2.3 billion, giving it more ways to attract business rome cheap hotels and leisure travelers and an expanded international presence.
Avis dropped its bid nearly a year ago citing market rome cheap hotels conditions. Then in October of last year, Hertz dropped its bid, too. But Dollar Thrifty didn t trust that the years of attempts were over. In February, it extended its shareholder rights plan known as a poison pill a maneuver designed to deter any unsolicited attempts to take over the company through rome cheap hotels May 2013.
Hertz Chairman and CEO Mark P. Frissora said in a statement that the Dollar Thrifty buyout will give it access to two well-known rental car brands Dollar and Thrifty as well as make it a more competitive player in Europe and other markets overseas.
Hertz is also selling its Advantage business to rental rome cheap hotels car company Franchise Services of North America and Macquarie rome cheap hotels Capital for undisclosed terms. The Advantage deal depends upon Hertz completing the Dollar Thrifty buyout.
Both Hertz and Dollar Thrifty s boards rome cheap hotels have unanimously approved the deal, which still needs antitrust clearance from the Federal Trade Commission . Hertz said it has stayed in close contact with the FTC to secure clearance and that Dollar Thrifty will fully cooperate with the process.
Hertz has about 8,650 corporate and licensee rome cheap hotels locations in approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Dollar rome cheap hotels and Thrifty have approximately 280 corporate locations in the United States and Canada. rome cheap hotels The company also has about 1,300 franchise locations in 82 countries.
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