Car rental firms Avis and Dollar Thrifty have joined forces as they try to get antitrust approval for the potential takeover of Dollar by Avis. The news is the latest development in the long-running bidding war for the smaller company, since Dollar Thrifty shareholders last week rejected an offer from rival car rental firm Hertz. [...]

  Dollar Thrifty shareholders last week rejected Hertz’s buyout offer against the recommendations of the board of directors. The rejection has most likely opened up the bid to rival car firm Avis Budget Group and taken Hertz out of the competition.   At a special shareholder meeting in Chicago last Thursday, 11.8 million votes were [...]

  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 [...]

Thrifty Car Rental has announced a host of new technology for its Kuwait fleet. Thrifty, part of the Dollar Thrifty Automotive Group, has announced that vehicles will be upgraded with the addition of Bluetooth, GPS, touch screen navigation and USB ports as it provides customers with the latest in-car expertise. In addition to the driving [...]

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 [...]

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 [...]

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 [...]

The  Dollar Thrifty Automotive Group has declared that its 2010 earnings are likely to be higher than previously estimated. Fresh from a lengthy takeover battle that has involved larger rivals Hertz and Avis fighting for the acquisition of the smaller Dollar Thrifty, the group announced Tuesday that it expected a significant increase to be seen [...]

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 [...]