Popular Destinations

We Search

and many more

 

 

People Carrier Hire Travel News

Bidding war breaks out as Hertz outbids Avis for Rental Company Dollar Thrifty

Hertz has outbid Avis to secure a deal with Dollar Thrifty. Hertz originally had offered $41 per share, but the was superseded by an Avis bid of $47 which was rejected by the board of Dollar Thrifty.

However Hertz has come back with a $50 per share deal which has been exepted.

This make the deal worth $1.43bn or 930m.

This deal will increase the Hertz share of the rental market significantly and allow them a bigger share of the tourist market. Hertz largest market share is in the business market with half of its profits coming from this sector.





People Carrier Hire   |   People Carrier Hire quote   |   Travel news   |   Sitemap   |   Privacy