Pursuits
Hertz Buying Dollar Thrifty for $2.6 Billion in Cash
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Hertz Global Holdings Inc. and Dollar Thrifty Automotive Group Inc. jumped after Hertz struck a deal to buy the smaller company for about $2.6 billion following more than half a decade of trying.
Dollar Thrifty rose 7.5 percent to $87.08 at 4:02 p.m. in New York for the biggest jump since May 2011. The shares have advanced 24 percent this year. Hertz increased 8.1 percent, the most since September 2011, to $14.21.