Avis, Dollar Thrifty To Seek Antitrust OK For Deal

Law360, New York (October 5, 2010, 7:28 PM EDT) -- Avis Budget Group Inc. and Dollar Thrifty Automotive Group Inc. said Tuesday that they would work together to win approval from antitrust regulators for a merger after Dollar Thrifty's shareholders rejected a bid from rival suitor Hertz Global Holdings Inc. in the contentious car rental buyout battle.

Avis topped Hertz's $1.45 billion takeover bid with an offer of about $1.52 billion, and on Sept. 30, Dollar Thrifty's shareholders voted down Hertz's offer.

In a statement Tuesday, Avis said it had “reaffirmed its commitment to diligently pursue...
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