Hertz and Avis Fight Over Dollar and Thrifty
Hertz, a car rental company, announced last month that it will acquire Dollar and Thrifty, two rental car companies that are actually part of the same company. The result of this acquisition, should it be successful, would leave only three major car rental companies left serving the United States:
- Hertz, Dollar, Thrifty, Advantage and SimplyWheelz
- Enterprise, Alamo and National
- Avis and Budget
Not so fast, says Avis. Dollar and Thrifty are considering the interest that Avis has in acquiring them as well. However, anti-trust issues are certain to arise regardless of whether Hertz or Avis acquires Dollar and Thrifty.
Meanwhile, FlyerTalk members speculate about how this acquisition, should it be approved, will affect such issues as car rental rates and quality of service. Some FlyerTalk members even lament not purchasing the stock of Dollar and Thrifty last year, which was reportedly as low as approximately 60¢ per share back in the spring of 2009, while Hertz offered as much as $41 per share last month.
Here are two FlyerTalk threads to follow the discussion on this very topic: