Dunn Lambert, LLC
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Dunn Lambert, LLC
comprehensive legal services for businesses call 201-957-0874

Posts tagged "Hertz"

Hertz vs. Avis: Antitrust Issues Involved in Dollar Acquisition

A $1.43 billion bid from Park Ridge, New Jersey-based Hertz Global Holdings, Inc. to acquire Dollar Thrifty Automotive Group Inc. was accepted by Dollar's board this week. Hertz had been competing with Parsippany-based Avis Budget Group Inc. in its effort to acquire Dollar Thrifty.

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.

Next Steps in the Dollar Thrifty Bidding War

Detailed and interesting commentary by The Deal Professor, Steven M. Davidoff, recently appeared in The New York Times' DealBook section on Mergers & Acquisitions regarding the bidding war for Dollar Thrifty, which has been discussed in previous posts.

Bidding War Has Begun for a Dollar Thrifty Merger

Dollar Thrifty Automotive Group Inc. is currently considering a $1.33 billion counter-offer to merge with Parsippany, New Jersey-based Avis Budget Group Inc. In April, Park Ridge, New Jersey-based Hertz Global Holdings Inc. offered $41 a share in cash and stock for Dollar Thrifty, or 1.17 billion.

Avis v. Hertz in Dollar Acquisition, Part 2: Antitrust Issues

While the rental car giants Hertz and Avis argue in public over who has the better chance to get regulatory approval to acquire Dollar Thrifty Automotive Group, investors and experts believe that it will come down to the highest bid, The Wall Street Journal reports. Those knowledgeable about the matter seem to agree that either company would face equally significant challenges in order to gain regulatory approval for a merger with Dollar. A merger between either New Jersey-based Hertz Global Holdings Inc. and Dollar or Avis Budget Group Inc. and Dollar would create serious antitrust issues, which this post will delve into.

Avis v. Hertz in Dollar Thrifty Acquisition, Part 1

The Park Ridge, New Jersey-based rental car company, Hertz Global Holdings Inc., is waiting to see how much money Avis Budget Group Inc. will bid in a counter-offer in the two companies' long-time battle to acquire Dollar Thrifty Automotive Group. People following the contentious competition say that it is likely the winning deal will come down to cash. If Avis bids significantly more than Hertz, it is likely Dollar will choose Avis, and Hertz will walk away from the dealings.

New Jersey-Based Avis to Offer Dollar Thrifty More in Acquisition

Avis Budget Group Inc. has thrown a wrench in what was an ongoing negotiation between Hertz Global Holdings Inc. and Dollar Thrifty Automotive Group. Both Hertz and Avis are looking to buy out Dollar Thrifty, a business acquisition that will change the face of the rental car business.Serving as a surprise to New Jersey-based Hertz, what they thought was a pretty solid deal between Dollar Thrifty and their company has come to a disappointing halt. On May 3, Avis apparently presented Dollar Thrifty an offer they could not ignore, and now Dollar Thrifty has some reconsidering to do regarding recent business discussions with Hertz and the future of their company.

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