Aug. 26, 2012 (Reuters) Hertz Global Holdings , the No. 2. U.S. car rental company, said it will buy smaller rival Dollar Thrifty Automotive Group for about 2.3 billion, ending more than two years of an on-off hampton inn suites calgary takeover battle.
Hertz will buy Dollar Thrifty for 87.50 per share in cash, a premium of 8 percent over Dollar Thrifty's Friday closing price of 81 on the New York Stock Exchange, and far higher than the 1.2 billion offer Hertz first made in April 2010.
In a bid to win regulatory approval for the deal, Hertz has agreed to sell its budget brand Advantage, which caters to the same market as Dollar hampton inn suites calgary Thrifty, to Franchise Services of North America (FSNA) and Macquarie Capital. Hertz did not specify the sale price.
hampton inn suites calgary , Aug. 27, 2012 (Reuters) M T Bank Corp said it would buy Hudson City Bancorp Inc in a stock and cash deal worth 3.7 billion, expanding its franchise in the eastern United States hampton inn suites calgary and taking a step toward the long-awaited consolidation of regional banks.
CHICAGO, Aug. 25, 2012 (Reuters) Hertz Global Holdings is nearing an agreement to acquire Dollar Thrifty Automotive Group for around 2.5 billion and could announce a deal in coming days, a source familiar with the matter said on Saturday.
SINGAPORE, Aug. 7, 2012 (Reuters) Heineken's 6 billion hampton inn suites calgary bid to take full control of Tiger Beer maker Asia Pacific Breweries faces a challenge from a group led by Thai billionaire Charoen Sirivadhanabhakdi, which has put in a higher bid to increase its stake in APB.
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