Hertz Will Pay $2.3B for Dollar Thrifty Automotive Corp.

Hertz Global Holdings, the No. 2. U.S. car rental company, said it will buy smaller rival Dollar Thrifty Automotive Group for about $2.3 billion, ending more than two years of an on-off takeover battle, Reuters wrote Monday. Hertz will buy Dollar Thrifty for $87.50 per share in cash, a premium of 8% over Dollar Thrifty’s Friday closing price of $81 on the New York Stock Exchange, and far higher than the $1.2