ValueForum has meant the difference between mediocre and stellar stock performance.more testimonials »
Dollar Thrifty Asks Suitors for Best and Final Offers Monday, August 22, 1:00 PM ET
Car rental company Dollar Thrifty Automotive (DTG) has asked potential acquirers Hertz Global Holdings (NYSE:HTZ) and Avis Budget (NASDAQ:CAR) for their best and final offers for a takeover.
Dollar Thrifty sent both companies a letter, asking for a final proposal by early October.
Scott Thompson, CEO of Dollar Thrifty, noted that both suitors have made “substantial” progress with regulatory reviews, and the company’s board has decided now is the time to determine if and on what terms a transaction can be achieved.
Dollar Thrifty’s board believes that at this point, both Hertz and Avis have the information they need to put forward their best and final offers.
JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) are financial advisors to Dollar Thrifty.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.