Hertz Global Offers To Buy Dollar Thrifty Automotive For $72 per share

Hertz Global Holdings Inc (NYSE: HTZ) offered to purchase Dollar Thrifty Automotive Group Inc (NYSE: DTG) for $72 per share.

Hertz will offer $57.60 in cash and 0.8546 of its own shares for every DTG share. The offer by HTZ represents a 3.3% premium to DTG's closing price on Friday and a 26% premium to its 90-day average price. The offer values DTG at about $2.08 billion.

HTZ shares gained 0.60% to close at $16.85 on Friday, while DTG shares fell 0.23% to close at $69.69 on Friday.

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