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News Breaks | | | | November 20, 2012 | | 07:02 EDT |  | DTG, HTZ | Hertz Global completes acquisition of Dollar Thrifty
Hertz Global Holdings announced that it has successfully completed its previously announced acquisition of Dollar Thrifty Automotive Group (HTZ). As a result of the transaction, Dollar Thrifty (DTG) has become a wholly owned subsidiary of Hertz. Hertz completed a tender offer in which it purchased approximately 99.6% of the shares of Dollar Thrifty common stock then outstanding at $87.50 per share in cash. Hertz subsequently acquired the remaining shares of Dollar Thrifty common stock by means of a short-form merger in which such shares were converted into the right to receive the same $87.50 per share in cash that will be paid in the tender offer. In order to accomplish the short-form merger, Hertz exercised its "top-up" option to purchase additional shares of Dollar Thrifty common stock directly from Dollar Thrifty. Dollar Thrifty's common stock will no longer be listed on the New York Stock Exchange. | |
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News For DTG;HTZ From The Last 14 Days Check below for free stories on DTG;HTZ the last two weeks. |
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| May 25, 2013 | | 09:43 EDT |  | HTZ | Hertz stock could jump up to 70% in the next two years, Barron's says
Hertz stock could see a jump up to 70% in the next two years due to growth opportunities, better profits, and by taking advantage of firming prices, Barron's contends in a Feature article. Reference Link | | | May 23, 2013 | | 18:41 EDT | | HTZ | Hertz, Avis suing Chicago over airport facility costs, Bloomberg says
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