Avis Abandons Its Bid for Dollar Thrifty
The Avis Budget Group, which made an offer last year for the Dollar Thrifty car rental company, is walking away from the bid, potentially paving the way for Hertz Global.
September 14, 2011Dollar Thrifty Asks for 'Best and Final' Takeover Bids
In a letter sent to the chief executives of Hertz and Avis Budget, Dollar Thrifty requested that its two companies submit "best and final" takeover offers.
August 21, 2011
Hertz and Avis in a Quiet Tug of War for Dollar Thrifty
Dollar Thrifty has refused advances from Hertz and Avis for more than a year, but a merger could yet be on the horizon.
June 14, 2011Avis Budget to Buy Avis Europe for $1 Billion
Avis Budget Group said that it would buy Avis Europe for $1 billion, in a sign that it may be moving on from its campaign to take over Dollar Thrifty.
June 14, 2011Wheelies: The General Store Edition
General Motors plans to invest $2 billion in its North American production facilities.
May 10, 2011Safety Agency Widens Inquiry Into Repairs of Rental Cars
The National Highway Traffic Safety Administration is asking major rental car companies to provide detailed information about how they handle manufacturer recalls.
March 31, 2011Hedge Fund Increases Stake in Avis
The increased investment comes as Avis and Dollar Thrifty seek to get clearances from the Federal Trade Commission on a possible merger.
March 25, 2011What the Avis/Dollar Thrifty Talks Are About
Dollar Thrifty and Avis Budget are now talking, but what does it mean? The Deal Professor, Steven M. Davidoff, explains.
October 06, 2010Dollar Thrifty Shareholders Vote Against Hertz Bid, Leaving Avis Standing
The shareholders’ rejection of Hertz’s $1.46 billion takeover offer for Dollar Thrifty on Thursday cleared the way for a more lucrative deal of $1.53 billion with Avis.
October 1, 2010DEALBOOK; Avis Raises Dollar Thrifty Offer
Avis Budget Group says if Dollar Thrifty shareholders reject Hertz's $1.46 billion offer, Avis will make exchange offer for company that includes $20 million breakup fee
September 29, 2010
Stalled at the Counter, and Other Car-Rental Woes
Gas-tank bingo and insurance-plan roulette are only two of the aggravations of renting cars.
September 26, 2010Avis Raises Its Bid for Dollar Thrifty
The $1.5 billion offer came 11 days after Hertz raised its takeover bid for Dollar Thrifty to about $1.4 billion.
September 24, 2010I.S.S. Backs Hertz-Dollar Thrifty Merger
Hertz Global Holdings gained support for its sweetened $1.45 billion takeover proposal for Dollar Thrifty Automotive Group on Tuesday, as Institutional Shareholder Services backed the merger.
September 21, 2010Dollar Thrifty Accepts Sweetened Bid From Hertz
Hertz Global Holdings agreed to raise its takeover offer for the Dollar Thrifty Automotive Group, which accepted the bid, to about $1.43 billion.
September 13, 2010Hertz and Dollar Thrifty Agree to New $1.43 Billion Deal
Hertz Global Holdings agreed on Sunday to raise its takeover offer for the Dollar Thrifty Automotive Group to about $1.4 billion in stock and cash, trumping a rival offer from the Avis Budget Group.
September 13, 2010
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