Two years of delays by the Federal Trade Commission to approve of Hertz’s proposed $2.3 billion merger with Dollar Thrifty has some experts wondering if competition in the rental car industry will be hurt, even if the FTC approves of the merger. Seventy-two airports across the U.S. were cause for competition concern by the FTC during review, and while Hertz has suggested remedies – to sell more airport counters than originally planned – concerns are still present. Commissioner Thomas Rosch was the only one out of five members of the commission to vote against Hertz’s proposed remedies, stating that concerns remain at “several dozen” airports. According to the FTC, more than 50 million cars are rented out at airports each year, amounting to an $11 billion-a-year industry.
Full Content: Wall Street Cheat Sheet
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI