Hertz buying Dollar Thrifty for about $2.3 billion

Hertz buying Dollar Thrifty for about $2.3 billion

By SAMANTHA BOMKAMP The Associated Press
Published 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 ...
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