Hertz Global Holdings Inc
In April 2010, Hertz and Dollar-Thrifty Automotive Group announced an agreement under which Hertz was to acquire Dollar-Thrifty for a purchase price of US$41.00 per share, subject to shareholder approval, in a mix of cash and Hertz common stock.[SUP][23][/SUP] Dollar-Thrifty investors in Tulsa, Oklahoma rejected this US$1.44 billion bid from Hertz on September 30, 2010.[SUP][24][/SUP] Dollar-Thrifty subsequently announced on October 12, 2011 that it had taken itself off the market because it did not receive any proposals that would pass antitrust review.[SUP][25][/SUP] On August 28, 2012, Hertz announced for the second time its intention to acquire Dollar-Thrifty, subject to FTC approval, in this case for US$2.3 billion.[SUP][26][/SUP] This merger would yield combined annual sales of US$10.2 billion.[SUP][3][/SUP] The deal was concluded in November 2012 and resulted in a combined 10,400 locations in approximately 150 countries.
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