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FTC Said Ready to Issue Final Approval of Hertz Deal

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July 11 (Bloomberg) -- The U.S. Federal Trade Commission is set to announce final approval for Hertz Global Holdings Inc.’s $2.3 billion acquisition of Dollar Thrifty Automotive Group Inc. today, according to a person familiar with the matter.

Final approval of the merger comes seven months after the agency allowed the transaction to proceed provisionally on the condition that Hertz sell its Advantage brand and 29 other counters. The person asked not to be named because the decision hasn’t yet been made public.

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To contact the reporter on this story: Sara Forden in Washington at sforden@bloomberg.net

To contact the editor responsible for this story: Mary Romano at mromano6@bloomberg.net

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