Avis Offers to Top Hertz Bid for Dollar Thrifty
By wchung | 28 Mar, 2026
Avis says rival rental car company Dollar Thrifty is selling itself too cheaply to Hertz, and promised to top the buyout offer announced last week.
In a letter to two top executives at Dollar Thrifty, Avis said Monday it wants Dollar Thrifty to open its books before it counters the $1.17 billion offer from Hertz Global Holdings.
Avis says it has been trying to set up meetings with Dollar to talk about a sale, and was blindsided by the announcement of a tie-up with Hertz.
Hertz is already the world’s largest car rental company by locations. The Hertz bid values Dollar Thrifty, based in Oklahoma, at $41 per share. The offer is made up of 80 percent cash and 20 percent Hertz stock.
NEW YORK (AP)
Articles
- Manila-Beijing Talks Resume on South China Sea, Energy Security
- India Signals Acceptance of E-commerce Tariff Moratorium but Balks at US Push for Permanent Extension
- AI Deepfakes Rampant in 2026 US Midterm Campaigns
- No Kings Rallies Against Trump Planned in Thousands of US Cities
- Indonesia's Social Media Curbs for Under-16s Create Confusion
- Tiger Woods Arrested for DUI After Florida Rollover
- BTS Tops UK Charts with Comeback Album
- Let's Be Good Again So We Can Be Great Again
- Iran-Linked Hackers Access FBI Director's Personal Email, Publish Online
- US Can Confirm Only a Third of Iran's Missile Arsenal Destroyed,