Car hire firm Dollar Thrifty has rejected the latest take over bid by Hertz Global. The company said the Hertz had failed to meet with necessary requirements by a pre determined deadline. Dollar said that Hertz had not managed to protect against possible objections by the antitrust bodies.
Scott Thompson, chief executive of Dollar Thrifty, said [...]

The long-running battle for control of car hire firm Dollar Thrifty seems to have come to an end as Avis pulls out of the race. The company said it would not be bidding against rival Hertz because of the present market conditions. The company had offered $1.6 billion for Dollar, but industry experts say the [...]

Car hire firm Dollar Thrifty has said that it wants to see best final offers from Avis and Hertz, both of which are interested in gaining control of the smaller rival. According to Scott Thompson, Dollar’s chief executive, the prolonged uncertainty about the situation was in the best interests of nobody and that he was [...]

A deal worth $1 billion has been announced which will see Avis Europe reunited with Avis Budget in the US. The American company will purchase its European counterpart, which is listed in London, for 315 pence per share. D’Ieteren, the Belgian car dealership which owns a 60 per cent stake in Avis Europe has given [...]

As the battle for Dollar Thrifty continues between car rental giants Avis and Hertz, The board at Dollar is asking shareholders in the hire company not to tender shares after Hertz offered a buy out deal worth $2.25 billion. Stockholders have been advised by the Tulsa based company not to take any action, even though [...]

Hertz Global Holdings has announced profits for the third quarter have more than doubled when compared to the same period in 2009. Net income increased from $64.5 million last year to $156.6 million in the third quarter this year, or from $0.15 per share to $0.36 per share. The reasons for the growth are lower [...]

Avis has agreed to hold off on making a formal offer to acquire Dollar Thrifty so that the two car hire firms can work together to persuade regulators a tie-up will not breach competition rules. The move comes after Hertz failed to secure a positive vote from Dollar shareholders on its takeover bid.
Avis has confirmed [...]

Hertz has failed in its most recent attempt to takeover budget car rental firm Dollar Thrifty after investors decided 13.8 million shares against 11.8 million shares to reject the offer. The vote took place last Thursday in Chicago. Dollar’s board had advised shareholders to accept the deal. Hertz said if it was rejected, it would [...]

Car hire company Hertz is waiting to see if shareholders in the Dollar Thrifty Group will approve a takeover today.
If Dollar investors decide the deal offered by Hertz is not good enough, it is likely Hertz will walk away from the negotiating table. This will clear the way for rival car rental firm Avis to [...]

Budget car hire brand, Dollar Thrifty, is now offering its customer-choice service to visitors at San Jose International Airport. The operation is the twelfth of its kind to be opened in the US. Dollar Thrifty said that it aims to open at least another 10 customer-choice outlets in cities across the country by the end [...]