Avis ups bid for Dol­lar Thrifty

Los Angeles Times - - Business -

Avis raised its of­fer for Dol­lar Thrifty to $1.52 bil­lion in cash and stock, one week be­fore a vote by share­hold­ers on a bid from ri­val car rental com­pany Hertz.

The lat­est of­fer from Avis val­ues Dol­lar Thrifty at $53 per share, com­pared with $50 per share from Hertz.

The rental-car ri­vals are fight­ing for con­trol of Dol­lar Thrifty, a chain known for lower rates that ap­peal to leisure trav­el­ers, to gain ac­cess to those cus­tomers.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.