Hertz buying Dollar Thrifty for about $2.3 billion
The Associated PressPublished Aug 27, 2012 10:32AM MDT
New York • Hertz is one-step closer to its long-awaited prize.
More than two years after its original bid, it agreed Sunday to buy Dollar Thrifty Automotive Group Inc. for about $2.3 billion, giving it more ways to attract travelers and expand its international presence.
At $87.50 per share, the deal is worth far more than any of Hertz’s previous bids and about 8 percent higher than Dollar Thrifty’s closing price Friday.
Nothing will change immediately for consumers. Travelers that rent through ...