Hertz Must Sell Units In Exchange For $2B Thrifty Buy

Law360, New York (November 15, 2012, 7:24 PM EST) -- Hertz Global Holdings Inc. will have to sell some of its holdings, including its Advantage Rent A Car unit, in order to relieve antitrust concerns about its $2.3 billion purchase of Dollar Thrifty Automotive Group Inc., the Federal Trade Commission said Thursday.

The FTC announcement comes after the commission investigated the purchase over fears the acquisition would harm competition in U.S. airport rental car markets. As part of the settlement, Hertz will also have to sell the rights to 29 Dollar Thrifty airport locations, the FTC...
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