Hertz Global Holdings Inc. (NYSE: HTZ) rises to record level as Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) increases in the price today

Hertz Global Holdings shares rise in price

In brief: Hertz Global Holdings Inc. (NYSE: HTZ) shares are gaining in value steadily against the background of positive corporate news and excellent reports. Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) continues to gain points.

Hertz Global Holdings Inc. (NYSE: HTZ) is a mark of 12.07 at the moment. Hertz Global Holdings shares gaining +0.34 points (2.85%). Hertz has received regulatory approval to buy Canadian rival Dollar Thrifty. Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) is 50.60 points, gaining 1.46%.

U.S. company Hertz Global Holdings, which specializes in car rental, expressed permission regulators of Canada to buy its rival Dollar Thrifty Automotive Group. It is worth noting that the deal Hertz, Avis Budget competing with for the purchase of Dollar Thrifty, was subjected to antitrust review. The reason for testing was the fact that the merger would reduce the number of major players in the market of car rental from four to three. CEO of Hertz Global Holdings Mark Frissora said that the resolution of the antimonopoly authorities of Canada “is one more step toward completing the merger with Dollar Thrifty”, which is expected in the near future.

Igor Tringlers
2010-08-02 16:29, Economics.

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