Avis drops out of Dollar Thrifty race

Avis drops out of Dollar Thrifty race

Avis has dropped out of the race to buy car rental rival, Dollar Thrifty. The AP reported a regulatory filing by the Avis Budget Group as saying that it is pulling out of the deal because of current market conditions. This leaves the path clear for Hertz, which had been rivaling Avis for the acquisition. Dollar Thrifty sent a letter to both companies last month asking them for their best and final offers.

Mark Elliott
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Mark Elliott
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