Mark P. Frissora, Hertz chairman and CEO, said: "We are pleased to have finally reached an agreement

Hertz Global Holdings Inc. and Dollar Thrifty Automotive Group Inc. today announced that they have entered into a definitive merger agreement under which Hertz would acquire Dollar Thrifty for $87.50 per share in cash, in a transaction valued at a corporate enterprise value of approximately $2.3 billion.
Hertz also announced cheap car rent portland oregon today that it has reached an agreement to sell the Advantage business to Franchise Services of North America cheap car rent portland oregon ("FSNA") and Macquarie Capital. The closing of that divestiture is conditioned upon, among other things, Hertz completing an acquisition of Dollar Thrifty.
The successful completion of the transaction is also subject to regulatory clearance by the Federal Trade Commission. cheap car rent portland oregon According to the statement, Hertz has remained closely engaged with the FTC to secure antitrust clearance for the proposed transaction cheap car rent portland oregon and Dollar Thrifty will fully cooperate in the process.
Mark P. Frissora, Hertz chairman and CEO, said: "We are pleased to have finally reached an agreement with Dollar Thrifty after a lengthy but worthwhile pursuit. We have always believed that a combination with Dollar Thrifty is the best strategic option for both companies. The transaction provides Hertz instant scale with two new, well-established brands with airport concession infrastructure in the mid-tier value segment. We'll be a stronger global competitive player with a full range of rental options not only in the U.S. but in Europe and other markets given Dollar Thrifty's strong cheap car rent portland oregon international presence. In addition, we look forward to moving efficiently and swiftly through the regulatory process having reached an agreement to divest our Advantage brand."
"Hertz has made a compelling offer to our stockholders that reflects cheap car rent portland oregon the strength of our business and our team, said Scott Thompson, president, CEO and chairman of the board of Dollar Thrifty. Hertz is the logical partner for us with the resources to expand our value focused leisure brands in key car rental markets around the world. After three years of merger-related activity and speculation, I am pleased that we have reached a win-win transaction cheap car rent portland oregon for both Hertz and Dollar Thrifty."