FTC Gets Extension In Probe Of Hertz's $2.3B Thrifty Buy

Law360, New York (October 18, 2012, 4:00 PM EDT) -- Hertz Global Holdings Inc. has pushed back the scheduled closing date for its proposed $2.3 billion purchase of Dollar Thrifty Automotive Group Inc. to allow the U.S. Federal Trade Commission more time to complete its antitrust review of the deal, Hertz said Thursday.

Hertz had previously signed onto a timing agreement with the FTC, promising to hold off on closing the Dollar Thrifty purchase until Oct. 31, but said in a statement that it would give the regulator an extra couple weeks to conduct its look...
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