13th
July
2010
Avis prepares Dollar Thrifty bid
posted in Car Rental |
Avis has announced that it is ready to launch its rival offer for the Dollar Thrifty Automotive Group. The car rental firm said Monday that it is prepared to top the already tabled $1.2 billion bid from Hertz for the takeover, with sources claiming the group would look at taking on further debt in order to enable the purchase.
According to industry experts, there is as yet no concrete timeline for the bid, but that late this month or early August would appear likely as long as shareholders have been allowed sufficient time to evaluate the proposal. Dollar Thrifty has already tabled an [...]
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