It now seems that Hertz is one step closer to taking over Dollar Thrifty after more than two years.

It now seems that Hertz is one step closer to taking over Dollar Thrifty after more than two years. This is a deal that is said to be worth some $2.3 billion. This puts the shares at $87.50 a piece, which makes this one of Hertz s most expensive bids to date. In fact, this puts each share about 8 percent higher than what it was at closing walt disney swan hotel time Friday.
Despite this big news, consumers are not going to notice any kind of change to start with. Travelers who rent through Dollar Thrifty will still have to visit that counter to get service. However, in the long run, prices in many markets will rise, as these two companies will no longer be competing for business. This is more than likely how Hertz will look forward to making back their money.
As some may remember, Avis was one of the companies that was bidding on Dollar Thrifty. However, Avis dropped walt disney swan hotel its bid nearly a year ago because of market conditions. Then, in October of last year, Hertz also dropped its bid, citing the same reasons. Some experts figured that Dollar Thrifty had made a mistake by not taking some of the offers given to them.
Overall, Hertz believes that this new acquisition could save them about $160 million a year. At the same time, it will also provide them with the opportunity to increase walt disney swan hotel their sales. Of course, this news may not be as great for consumers, as some are likely to see price increases. This could be really bad news for businesses who rely on car rentals for their employees.
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