Market Overview

Bye Bye Hertz (HTZ)


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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