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Hertz to buy let automobile opposition Dollar Thrifty for $2.3 billion

WASHINGTON — Hertz Global Holdings Inc. pronounced Monday it had struck a long-sought deal, appropriation Dollar Thrifty Automotive Group Inc. for $2.3 billion as a let automobile attention continued to consolidate.

Hertz and opposition Avis Budget Group, a second- and third-largest attention players behind personality Enterprise Rent-A-Car, have been jockeying to buy Dollar Thrifty, a No. 4 company.

“We are gratified to have finally reached an agreement with Dollar Thrifty after a extensive — though inestimable — pursuit,” pronounced Hertz Chief Executive Mark P. Frissora. “We’ll be a stronger tellurian rival actor with a full operation of let options

Article source: http://www.latimes.com/business/money/la-fi-mo-hertz-dollar-thrifty-rental-car-20120827,0,4909398.story

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