Dollar Thrifty Doubted Potential Avis Deal: Hertz

Law360, New York (May 26, 2010, 3:18 PM EDT) -- Rental car giant Dollar Thrifty Automotive Group Inc., which agreed to merge with Hertz Global Holdings Inc. for about $1 billion but is now discussing a potentially higher bid from Avis Budget Group Inc., previously expressed doubts about Avis' capacity to follow through with a deal, a new regulatory filing says.

According to a registration statement Hertz filed Wednesday with the U.S. Securities and Exchange Commission, Dollar Thrifty was worried Avis would require substantial financing or shareholder approval for a deal, contingencies Dollar Thrifty thought would...
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