BREAKING: The Deal’s Done $87.5 Per Share, Total $2.6 Billion, Hertz Pay Dollar For Dollar

Hi all,

This weekend saw a whirlwind of stories regarding the Hertz/Dollar buyout saga with rumours of advanced negotiations taking place this weekend.

Information given to us this morning confirms that a deal has finally been agreed which will see Hertz purchase Dollar Rent A Car and Thrifty Car Rental for $87.5 per share making the deal worth an eye watering $2.6 Billion.

I am lead to believe that the deal will be concluded by the end of the year subject to FTC approval.

The deal raises a number of questions including -

What will happen to Hertz own budget brand Advantage Rent A Car?

update: usrentacar.co.uk have learnt that a deal to sell Advantage Rent A Car has been reached with the Franchise Services of North America Inc. and Macquarie Capital, the investment banking arm of Australia’s Macquarie Group Ltd, the amount is around $16 million representing a loss to Hertz of $17 million. The Franchise Services of North America already operate car rental brand U-Save car rental.

How does this deal effect Dollar Rent A Car’s future dealings with UK car rental companies?

The deal itself see’s Hertz increase its market share to cement its position as the number 2 US car rental company just behind Enterprise Car Rental.

I will of course update this post as more news becomes available.

regards,

James

Related posts:

  1. Deja Vu In The Hertz And Dollar Rent A Car Deal Hi all, Its with a dreaded feeling of deja vu...
  2. Hertz Pull Out Of Dollar Bid Hi all, Breaking news out of the U.S. yesterday has...
  3. No Final Bid From Hertz For Dollar Rent A Car Hi all, On the 8th September I blogged about Dollar Rent...
  4. Are Hertz Closer To Buying Dollar Thrifty Than We Thought? Hi all, Amazing!! Two days in a row and I’m...
  5. What’s The Hold Up With The Dollar Thrifty Deal? Hi all, News has been pretty scant on the proposed...

Related posts brought to you by Yet Another Related Posts Plugin.

Respond to this post


Bad Behavior has blocked 2340 access attempts in the last 7 days.