5 Aug
Dollar Thrifty Politely Decline Avis Budget Offer
Hi all,
I reported last week about the Budget Avis Group making a counter offer for Dollar Thrifty, the offer they made was more than the orginal offer made by Hertz. However last night the offer was rejected by Dollar Thrifty in favour of the lesser Hertz offer.
The reason behind this from the Hertz point of view is that they believe their offer will have less objections from regulators due to the fact that their presence on airport is less than Avis Budget.
However from what I understand Dollar Thrifty are concerned that Avis Budget are not willing to enter in to a “reverse termination fee” where if Avis Budget were unable to or pulled out of the deal, Dollar Thrifty would be compensated. Hertz have agreed to this clause.
From what I have read, if Avis Budget agree to this addition the deal could be on.
I wait for the next instalment of the latest car hire soap opera.
Regards,
James,
U.S. Rent A Car.co.uk

Hi all,
12th Customer Choice l0cation in San Jose, California.

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