We mean business
Comprehensive legal services for businesses
in New Jersey and New York
Best Lawyers | Best Law Firms | U.S.News & world report | 2021
Richard J. Lambert was named by Best Lawyers® as a 2021 Corporate Law “Lawyer of the Year.”

Best Lawyers® is the oldest and most respected peer-review publication in the legal profession. Only one lawyer in each practice area in a given community is honored as “Lawyer of the Year.”

comprehensive legal services for businesses

Hertz a Step Closer to Acquiring Dollar Thrifty

Park Ridge, New Jersey-based Hertz Global Holdings Inc. is set to acquire Dollar Thrifty Automotive Group Inc. Dollar Thrifty said this week that it accepted a new $1.43 billion offer from Hertz. In April, Hertz had offered $41-per-share, but the new offer is for $50-per-share. Hertz has been battling Parsippany-based Avis Budget Group Inc. to acquire Dollar Thrifty.

If Hertz ultimately acquires Dollar Thrifty, the company will have a third more sites around the world for a total of 9,800 car rental sites. According to the Los Angeles Times, Hertz is already the largest car rental company, but wants to acquire Dollar in order to expand on its share of the leisure and budget travel market.  

Dollar Thrifty’s customers are mostly vacationers looking for a good deal on a car rental. Hertz’s $7.1 billion revenue last year was split between business and vacation travelers. Last year, Dollar’s revenue was $1.55 billion. 

According to the Los Angeles Times, the current effort by Hertz to acquire Dollar Thrifty is the most recent step in a decade-long movement toward consolidation in the car rental industry.

Dollar Thrifty has pushed back a special shareholders’ meeting to vote on Hertz’s proposal to September 30. If they vote yes, Dollar Thrifty will become a wholly-owned unit of Hertz.


Dollar Thrifty accepts Hertz’s new $1.43 billion offer (Los Angeles Times)

Office Location

Dunn Lambert, LLC
1740 Broadway, 15th Floor
New York, NY 10019

Paramus Law Office Map

Dunn Lambert, LLC

New York Law Office Map

Phone: 551-228-2690
Fax: 201-957-0874

Best Lawyers | Best Law Firms | U.S.News & world report | 2021

GET ANSWERS from a firm
with a sense of business.


Review US
FindLaw Network