Dollar Thrifty Off The Market After Bids Fall Short

Law360, New York (October 11, 2011, 1:29 PM EDT) -- Dollar Thrifty Automotive Group Inc. said Tuesday it had removed itself from the auction block after its suitors — Avis Budget Group Inc. and Hertz Global Holdings Inc. — failed to submit suitable offers that would also have cleared antitrust scrutiny.

Avis and Hertz had been battling for Dollar Thrifty for since April 2010, but both companies struggled to come up with proposals that could meet the approval of the Federal Trade Commission and win over Dollar Thrifty's shareholders. In September, Avis dropped out of the...
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