Dol­lar Thrifty re­jects Avis of­fer

Los Angeles Times - - Business -

Car rental com­pany Dol­lar Thrifty Au­to­mo­tive Group ap­pears primed to be acquired by Hertz Global Hold­ings af­ter re­ject­ing Avis Bud­get Group’s lat­est takeover of­fer.

The Avis bid is about 4% higher than the deal Dol­lar Thrifty has agreed to with Hertz, but the com­pany stood by the lower of­fer be­cause it be­lieves Avis would have dif­fi­culty in clos­ing a deal for an­titrust rea­sons.

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