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Hertz, based in Park Ridge, N.J., has been pursuing Dollar Thrifty for more than two years.
Still, Hertz, which has been seeking a deal with Dollar Thrifty for many months, said it was interested in a deal if it could secure approval by regulators and reach an agreement on price.
Still, Hertz, which has been seeking a deal with Dollar Thrifty for many months, said it was interested in a deal if it could gain regulatory clearance and settle on a fair price.
At Thrifty, for example, a car secured by a credit card is held for six hours beyond a customer's scheduled arrival time, and the reservation can be canceled anytime before arrival without penalty (but customers can be billed for a day's rental if they don't cancel).
After Long Pursuit, Hertz to Buy Dollar Thrifty for $2.3 Billion | Two giants of the rental car industry agreed to merge late on Sunday, as Hertz Global Holdings announced a deal valued at $2.3 billion for the Dollar Thrifty Automotive Group.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com