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Report: Hertz To Acquire Rival DollarThrifty In $1.17 Billion Deal

Report: Hertz To Acquire Rival DollarThrifty In $1.17 Billion Deal
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Rental car giant Hertz is set to buy rival rental agency DollarThrifty for $1.17 billion in cash and stock, in a deal that would see Hertz add another 1,500 locations and cut $180 million in costs. DollarThrifty saw its stock dip below $1 in early 2009, due to low demand and uncertainly regarding its main… Continue Reading...