Finally The Deal Is Done Hertz Complete Deal To Purchase Dollar Thrifty

Hi all,

It’s official; finally Hertz have confirmed the purchase of Dtag (Dollar Thrifty) for  $87.50 per share in cash, Hertz have snapped up 99.6% of the shares.

Hertz Chairman and Chief Executive Officer, Mark P. Frissora said

In the 94-year history of Hertz, our employees and business partners have never been this excited. Over the past six years, we have competed successfully with only one global premium brand in place while our competitors have had multiple brands to work against us. Starting today, we now have two additional, popular brands to compete across multiple market segments, with plans to offer them to our many partners and customers. That’s why we are pleased to announce that the transaction is complete, and we look forward to working expeditiously with Dollar Thrifty to integrate the strengths of our two great companies.

Dollar Rent A Car tweeted

When we announced the deal had gone through on our facebook page within 15 min’s a facebooker raised concerns that they believed this would lead to a price increase.

So Hertz have a bit to prove to customers who are concerned that the deal could harm the consumer.

Here at usrentacar.co.uk we have been assured that this wont be the case but I guess only time will tell…

What are your thoughts?

regards,

James

 car hire USA


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