Deals
Hertz Wins Final Approval of Dollar Thrifty Deal From FTC
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Hertz Global Holdings Inc. won final approval from the U.S. Federal Trade Commission for its $2.3 billion acquisition of Dollar Thrifty Automotive Group Inc., ending an eight-month compliance review of the deal.
Today’s announcement by the FTC seals the transaction, which the agency allowed to proceed provisionally on the condition that Hertz sell its Advantage brand and 29 other rental locations to create a competitor to the three remaining market leaders.