Hertz and Avis have been fighting to get their hands on Dollar-Thrifty for over a year now, with the latest volley coming from the Hertz camp. According to Bloomberg, the world's largest airport rental car company has offered $72 per share for Dollar-Thrifty, or 24 percent more than a recent offer from Avis. The offer consists of of $57.60 in cash and .8546 Hertz shares per share of Dollar-Thrifty.

In September, Dollar-Thrifty rejected an offer from Hertz that added up to about $1.44 billion in cash and stocks. Avis had countered the last bid with an offer of $45.79 per share and .6543 of its shares. The two companies had decided to delay a deal while seeking regulatory approval, but we're guessing Dollar-Thrifty is no longer interested in that deal. And since the bidding war seems to be escalating, some analysts feel that the Hertz bid is likely not the last to come from the competing rental car companies.

While both Avis and Hertz have so far come up empty in their bid to snap up their rival, the biggest winners so far have been Dollar-Thrifty shareholders. The stock has reportedly gone up 79 percent since Hertz first bid for the rental car giant back in April, which has worked to drive up the buy price for the company. A share of Dollar-Thrifty stock was worth only 63 cents early in 2009.


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    • 1 Second Ago
  • 13 Comments
      Zoom
      • 3 Years Ago
      Hertz is overpriced. Dollar-Thrifty are usually lower priced. This is NOT about fair competition. It's the big whale swallowing its lower-priced competition.
      Hazdaz
      • 3 Years Ago
      Oh here we go again... a consolidation of another industry that will negatively impact consumers.
      HuskerBadger
      • 3 Years Ago
      "According to Bloomberg, the world's largest airport rental car company has offered $72 per share for Dollar-Thrifty .... A share of Dollar-Thrifty stock was worth only 63 cents early in 2009." Holy capital gains, Batman!
        Synthono
        • 3 Years Ago
        @HuskerBadger
        If only I had a time machine, I'd buy my weight in Dollar-Thrifty stock in 2009.
      q3a7vodk4
      • 3 Years Ago
      Hertz recently charged me about 35% in "taxes and fees" after I rented from them. I'm thinking thrifty undercuts them.
        wait405
        • 3 Years Ago
        @q3a7vodk4
        As a car rental employee for a different company you will have those charges at any rental company. Most of them are from the airport and the cities and states they do business in. Thirfty may be off airport so they wont have as many as others on airport.
      Scr
      • 3 Years Ago
      This sucks. I pretty much only rent from Dollar or Enterprise. Hertz is just way too expensive and doesn't have too many off-aiport locales where I travel. In Vegas, dollar has rental counters AT the freaking hotels. Can't get much more convenient than that, and cheap to boot.
      wait405
      • 3 Years Ago
      What the story failed to mention was that according to the FTC Hertz cannot buy DTG unless they have a buyer for Advantage.
      DrEvil
      • 3 Years Ago
      Autoblog: You really suck as a people. You know the negative light in which cars that are considered queens of the rental fleets are viewed. So, what do you do? Represented the entire Hertz rental fleet and the entire Thrifty rental fleet with nothing but Chrysler cars. You people suck.
        • 3 Years Ago
        @DrEvil
        [blocked]
        Synthono
        • 3 Years Ago
        @DrEvil
        Uh, you realize those are Dollar-Thrifty ad campaign photos, right?
      • 3 Years Ago
      [blocked]
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