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Hertz ‘close to buying Dollar Thrifty’
Hertz is close to reaching a deal to buy Dollar Thrifty for about $2.5 billion (£1.6bn), according to the news agency Reuters.
Sources close to negotiations asked not to be named as the talks are private.
Both Hertz and its competitor Avis Budget Group has been eyeing up budget car rental giant Dollar Thrifty for several years but negotiations have stalled due to price haggling and regulatory issues.
However, a merger between Hertz and Dollar Thrifty may be permitted if Hertz succeeds in off-loading its Advantage budget brand to satisy U.S. anti-trust concerns.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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