Hertz

Dollar Thrifty Automotive Group (NYSE: DTG) said its board of directors has unanimously recommended that stockholders not tender into the cash-and-stock offer made by Hertz Global Holdings (NYSE: HTZ) for a $2.25 billion buyout. Hertz has been competing with Avis Budget Group (NASDAQ: CAR) to...

(TheStreet) -- A takeover battle between Hertz(NYSE: HTZ) and Avis (NYSE: CAR) for Dollar Thrifty(NYSE: DTG) has taken investors on a joy ride this year, and that may continue as rising demand for cheap rentals and a rebound in business travel are driving an earnings rebound. Shares of Hertz, the...

Dollar Thrifty Automotive Group (NYSE: DTG) has accepted a hefty takeover bid from Hertz Global Holdings (NYSE: HTZ) for $50 per share. The deal is totaled to be worth $1.43 billion. This is higher than the $1.3 billion cash-and-stock offer from Avis Budget Group (NYSE: CAR) DTG is trading about...