Avis Offers to Top Hertz Bid for Dollar Thrifty
By wchung | 21 Apr, 2025
Avis says rival rental car company Dollar Thrifty is selling itself too cheaply to Hertz, and promised to top the buyout offer announced last week.
In a letter to two top executives at Dollar Thrifty, Avis said Monday it wants Dollar Thrifty to open its books before it counters the $1.17 billion offer from Hertz Global Holdings.
Avis says it has been trying to set up meetings with Dollar to talk about a sale, and was blindsided by the announcement of a tie-up with Hertz.
Hertz is already the world’s largest car rental company by locations. The Hertz bid values Dollar Thrifty, based in Oklahoma, at $41 per share. The offer is made up of 80 percent cash and 20 percent Hertz stock.
NEW YORK (AP)
Articles
- Eileen Yang’s Guide to College, Content, and Confidence
- It's Time to Sing All Three National Anthems
- Golden State Valkyries get a little more golden, and Olivia Munn not onboard with Celebrity Space Flight
- Yoga, White Enthusiasts and the Indian Sensibility
- Grizzlies’ Asian Rookie Duo Top NBA Height Disparity
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals