A PYMNTS Company

U.S.: FTC granted more time to review Hertz-Dollar merger

By  |  October 18, 2012

Hertz Global Holdings Inc. has agreed to give the Federal Trade Commission (FTC) more time to review the car rental firms’ $2.3 billion bid to acquire Dollar Thrifty Automotive Group Inc. The FTC had failed to review Hertz’s previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar, and requested for an extension, to which Hertz has said that it wont close the deal prior to November 16.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: MarketWatch

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Related Content: Welfare Standards and Merger Analysis Revisited

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.