Market Overview

Bye Bye Hertz (HTZ)

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Hertz (HTZ) takeover bid for Dollar Thrifty is headed down the tubes. Shareholders of Dollar Thrifty rejected the takeover bid by Hertz today. Hertz offer was $50 a share which shareholders found to be too low to accept.

Rival firm Avis offered $53 a share for Dollar Thrifty. No one knows if Dollar Thrifty shareholder will accept or reject this deal as well. Now would be a good time to pick up shares of Dollar Thrifty. The stock trades for just $50 a share and is likely to be the subject of a bidding war between Avis and Hertz.

Posted-In: News Intraday Update

 

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