Avis Ups Dollar Thrifty Bid

Marino, Jonathan
September 2010
Mergers & Acquisitions Report;9/6/2010, Vol. 23 Issue 36, p21
The article reports on the decision of New Jersey-based Avis Budget to increase the cash portion of its bid to purchase listed, Oklahoma-based competitor Dollar Thrifty from 39.25 U.S. dollars to 40.75 U.S. dollars per share. It mentions the uncertainty whether the shareholders of Dollar Thrifty would prefer to sell to Hertz which made a bid in April 2010. According to Hertz chairman and chief executive officer (CEO) Mark Frissora, the anti-trust considerations in a merger with Dollar Thrifty will be pivotal in the said transaction.


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