Could Dollar Rent A Car Be Losing Its Patience?

Hi all,

As regular readers will know, we’ve been following the developments of the Dollar Rent A Car potential buy out since the beginning.

Both Hertz and Avis/Budget have been seeking separate FTC approval on a deal for what seems like a life time! Actually Dollar have been working on unsolicited merger issues since 2008!

And it appears Dollar Rent a Car  may well be running out of patience. Scott Thompson, President and Chief Executive Officer for Dollar Thrifty stated in a preprepared statement.

The company is cash rich and underleveraged and needs to move forward in a way that enhances shareholder value. We have been working on unsolicited merger issues since 2008, and they are expensive and distracting.

On further questioning, Thompson reiterated the frustration level, though he said the company has not drawn

“a line in the sand”

with regards to a deal and continues to be

“open to alternatives.”

Personally I’d love to see an actively aggressive Dollar Rent A Car, for me the merger talk has inadvertently caused Dollar Thrifty to tread water and not sure how much longer they can continue to leave the deals hanging for.

What do you think?

regards,

James,

 car hire USA

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