Deals
Avis Budget Offers $1.33 Billion for Dollar Thrifty
This article is for subscribers only.
Avis Budget Group Inc.’s $1.33 billion offer for Dollar Thrifty Automotive Group Inc., which topped Hertz Global Holdings Inc.’s agreement to buy the rental-car company, may signal a bidding war has begun, analysts said.
The $46.50-a-share offer includes $39.25 in cash and 0.6543 of an Avis share for each Dollar Thrifty share, Parsippany, New Jersey-based Avis said yesterday in a statement. The proposal is