Hertz Affirms Deal Certainty as Avis Concedes Antitrust Hurdle
SOURCE: The Hertz Corporation Hertz Affirms Intent to Close Dollar Thrifty Acquisition by Year End With “Yes” Vote by DTG Stockholders on September 30 PARK RIDGE, NJ–(Marketwire – September 28, 2010) – Hertz Global Holdings, Inc. ( NYSE : HTZ ) (“Hertz”) today responded to a press release, dated September 27, 2010, issued by Avis Budget regarding the acquisition of Dollar Thrifty. Mark P. Frissora, Chairman and Chief Executive Officer, said, “Instead of making a legitimate offer to purchase Dollar Thrifty, Avis has issued yet another press release with nothing new other than an admission, at last, that ‘antitrust approval is a hurdle for an Avis Budget-Dollar Thrifty deal’ that they apparently need the rest of the year to understand. Due to this uncertainty, which may never be resolved to Avis’s liking, they want a lengthy delay of the Dollar Thrifty stockholder vote scheduled for September 30, 2010.
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