Automatisk udkast

Læs os | Lyt til os | Se os | Tilslutte Live Events | Slå annoncer fra | Levende |

Klik på dit sprog for at oversætte denne artikel:

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Catalan Catalan Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Chinese (Traditional) Chinese (Traditional) Corsican Corsican Croatian Croatian Czech Czech Danish Danish Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Irish Irish Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sudanese Sudanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Telugu Telugu Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Welsh Welsh Xhosa Xhosa Yiddish Yiddish Yoruba Yoruba Zulu Zulu

Hertz køber Dollar Thrifty

Skrevet af editor

NEW YORK – Hertz has raised its offer for rental car company Dollar Thrifty to about $1.43 billion from $1.2 billion in an effort to thwart a rival bid by Avis, according to media reports.

NEW YORK – Hertz has raised its offer for rental car company Dollar Thrifty to about $1.43 billion from $1.2 billion in an effort to thwart a rival bid by Avis, according to media reports.

Dollar Thrifty’s board has accepted Hertz Global Holdings Inc.’s new $50-per-share offer — up from the $41 it offered in April — and amended the companies’ merger agreement, The Wall Street Journal reported on its website Sunday evening.

The move comes just days before shareholders of the Tulsa, Okla., company were scheduled to vote on Hertz’s original proposal and as some Dollar Thrifty shareholders have protested the board’s rejection of a $1.3 billion cash-and-stock counteroffer from rival Avis Budget Group Inc.

Dollar Thrifty Automotive Group Inc. has said that the Avis proposal did not include deal protection measures or adequately address antitrust concerns. Parsippany, N.J.-based Avis had offered a deal valued at more than $47 per share, but without the $45 million breakup fee that Park Ridge, N.J.-based Hertz agreed to pay if it fails to complete its acquisition.

Dollar Thrifty has suggested that Avis runs a higher risk of not winning antitrust clearance for the deal because its Budget Rent A Car division and Dollar Thrifty have similar market shares of airport car rentals aimed at leisure travelers, while Hertz’s Advantage Rent A Car has only a tiny slice of that market.

Whichever company acquires Dollar Thrifty will have to compete in an increasingly consolidated rental car market full of customers hoping to rent wheels for as little as possible as economic conditions remain unstable.

Under terms of the new deal, Hertz is raising the cash portion of its offer by $10.80 per share, the Journal said. Other terms of the merger agreement, including a $44.6 million reverse breakup fee, remain unchanged. The Dollar Thrifty shareholder vote has been postponed until Sept. 30 from Sept. 16 to give shareholders time to review the new offer, the paper said.

Messages left with Hertz and Dollar Thrifty weren’t immediately returned late Sunday.