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Hertz Strikes a Deal to Buy Dollar Thrifty for $2.6 Billion


Hertz Global Holdings Inc. (HTZ), after more than half a decade of trying, struck a deal to buyDollar Thrifty Automotive Group Inc. for about $2.6 billion in cash and secure its place as the No. 2 player in the U.S. market.

The $87.50-a-share offer represents an 8 percent premium to Dollar Thrifty’s closing price of $81 on Aug. 24. It’s more than double what Hertz offered a little more than two years ago.”

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