What was supposed to become the biggest merger in the rental car industry has turned into an over a year long saga with more ups and downs than GM's bankruptcy story of 2009 and beyond. In the latest development, the new bid made by Hertz for the Dollar's shares has been played down by the former's board of directors.
Hertz announced that it is willing to pay $72.00 per Dollar Thrifty share, consisting of $57.60 in cash and 0.8546 shares of Hertz common stock. That's a price well above what ...
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