Car rental company Avis has revealed that it is willing to consider a break-up fee with its offer for Dollar Thrifty if Hertz rental firm abandons its takeover bid. Dollar Thrifty shareholders are due to vote on a $1.5 billion Hertz offer this week. The company have been sparring with Avis in an attempt [...]

A major shareholder with the Dollar Thrifty Group has announced that it intends to vote against the car hire firm’s plans to sell to Hertz Global Holdings. PAR Capital Management, owner of a 7.7 per cent stake in the company, made the announcement ahead of a shareholder vote due to take place on Thursday. President [...]

Leading international car rental company Avis has announced a new sponsorship deal under its sustainability initiatives. Avis will provide the South African Solar Challenge 2010 with a support fleet for the event, which gets underway today in Pretoria. Launched in 2008, the fledgling event, held every two years, consists of a race over 10 days [...]

Avis Rent A Car today announced a new range of offers for one-way customers and long term rentals. The money saving deals are available throughout the US until the end of 2010, and include a series of rental coupon offers. These feature weekly savings for all one-way rental bookings of up to $25 till December [...]

Hertz and Dollar Thrifty have been told to proceed expeditiously towards securing a shareholder vote. The two companies announced today that they had agreed to amend their initial merger agreement to allow Hertz to take over the smaller Dollar Thrifty at a new share offer price of USD$50 per share. The $50 will consist of [...]

The leading car hire specialist, Avis UK, unveiled the flagship branch at the well-known Westfield shopping centre. The opening is the 15th for Avis in the capital, and its location seeks to offer a quick getaway from London, with connections to the M3, M4 and M40, as well as simple access to Wood Lane and [...]

Investors in the Dollar Thrifty Automotive Group have lost their bid to block a forthcoming vote. The shareholder vote relates to the planned acquisition by Hertz of the smaller Dollar Thrifty in a deal worth over $1 billion. Delaware Chancery Court Judge Leo Strine Jr denied the appeal of investors representing Dollar Thrifty, meaning that [...]

One leading UK car rental organisation is cracking down on bills. Avis has announced that it has taken on the law firm Ashworth in an attempt to better reconcile its unpaid rental bills. Ashworth, based in Harrogate, has been employed by the hire firm to chase down past customers who left bills for crashed and [...]

The ongoing battle for ownership of Dollar Thrifty has been stepped up once again. The Avis Budget group has announced that it has raised the cash portion of its bid for the Tulsa-based Dollar Thrifty, intensifying its hostile bidding war with rival Hertz Global Holdings. Yesterday, Avis declared that it would now be offering $40.75 [...]

Investors with the Dollar Thrifty Automotive Group have asked for a vote by shareholders over the Hertz takeover bid to be stopped. The high-profile and protracted bidding war that has waged for months between Hertz and rival Avis, has left investors in the smaller Dollar Thrifty organisation dubious as to whether the company is getting [...]