Dollar Thrifty Shares Rise After Hertz Deal

Dollar Thrifty Automotive Group DTG has accepted a hefty takeover bid from Hertz Global Holdings HTZ for $50 per share. The deal is totaled to be worth $1.43 billion. This is higher than the $1.3 billion cash-and-stock offer from Avis Budget Group CAR DTG is trading about 5% higher today around $50.52 HTZ is trading about 7% higher today around $10.77 CAR is trading about 6% higher today around $$10.90