Dollar Thrifty Lets Avis Get Info For Possible Bid

Law360, New York (May 6, 2010, 7:49 PM EDT) -- Avis Budget Group Inc. and Dollar Thrifty Automotive Group Inc. have agreed to exchange financial and other information, making way for a potential showdown over which car rental giant — Avis or rival Hertz Global Holdings Inc. — might acquire Dollar.

In a filing with the U.S. Securities and Exchange Commission on Thursday, Avis CEO and chairman Ronald L. Nelson outlined a letter he sent to Dollar, indicating that the two companies had both signed confidentiality agreements related to the potential transaction.

The letter is the...
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