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Hertz shopping Dollar Thrifty for about $2.3 billion

Rental automobile association Hertz is shopping a opposition Dollar Thrifty Automotive Group Inc. for approximately $2.3 billion, giving it some-more ways to attract business and convenience travelers and an stretched general presence.

Dollar Thrifty’s batch jumped 7 percent in premarket trade Monday.

Hertz Global Holdings Inc. pronounced late Sunday that it will compensate $87.50 for any Dollar Thrifty share. That’s an 8 percent reward to a company’s shutting cost of $81 per share on Friday.

Media reports had pronounced final week that Hertz of Park Ridge, N.J., was deliberation a new bid for Dollar Thrifty, a Tulsa, Oklahoma-based association it

Article source: http://www.latimes.com/business/la-fi-hertz-dollar-thrifty-20120827,0,4301391.story

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