Weak Antitrust Protections Killed Avis Deal: Thrifty CEO

Law360, New York (August 4, 2010, 1:55 PM EDT) -- The CEO of Dollar Thrifty Automotive Group Inc. has told Avis Budget Group Inc. that its July $1.33 billion offer for the company came up short because Avis failed to provide assurances against the risk that a potential merger wouldn't get regulatory approval.

In a Tuesday letter, Dollar Thrifty CEO Scott L. Thompson informed Avis Budget that his company would move forward with a $1.2 billion merger with Hertz Global Holdings Inc. that has already received antitrust approvals in Canada and is currently being reviewed by...
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