Home-Stretch-Of-Long-Awaited-Dollar-Thrifty-Acquisition">Hertz acquired</a> Tulsa-based Dollar Thrifty Automotive Group in 2012. Agnew called the move "an unmitigated disaster with hemorrhaging of employees and the exposure
company">divested the company</a> to satisfy antitrust requirements triggered by its 2012 acquisition of Dollar Thrifty Automotive Group. Advantage now has 40 airport rental locations, and while it plans to add a few more—including one
independent lead director Linda Fayne Levinson. In particular, he was instrumental in the company's acquisition of Dollar Thrifty Automotive Group, for which <em>BTN </em>named him <a href="http://www.businesstravelnews.com/People
em> </p><p><em>Hertz</em> </p><p>In April 2010 Hertz signed an agreement to acquire Dollar Thrifty Automotive Group for $1.2 billion. After more than two years, a bidding war with Avis Budget Group, initial pushback
ida=Car%20Rental&a=proc" title="sealed its acquisition">sealed its acquisition</a> of Dollar Thrifty Automotive Group. While integrating Dollar Thrifty and positioning its brands to consumers and corporate clients will
Rental rates declined year over year and transactions grew, as total rental revenue grew nearly 2 percent. Dollar Thrifty reported a 5 percent reduction in revenue per transaction day and a 7 percent increase in rental days.
<p>After chasing a merger for more than two years, Hertz finally landed Dollar Thrifty Automotive Group with an all-cash transaction totaling $2.6 billion in equity value. </p><p>"At last, we're in the home stretch
up from $42.5 million a year earlier. Vehicle rental revenue was flat at almost $379 million. President and CEO Scott Thompson said the company is "pleased" by those results, "particularly in light of the disappointing current economic environment." A 4.2 percent year-over-year increase in rental
volume growth propelled revenues higher, but average rates continued to fall year over year. </p><p> Dollar Thrifty Automotive Group's demand strength was represented by a 6.5 percent increase in first-quarter rental days. Revenue per
Rental revenue increased 2 percent to $339 million, due to strength in demand as represented by a 6.5 percent increase in rental days. Revenue per rental day, an indicator of pricing, decreased by 4 percent year over year.