Hertz to buy Dollar Thrifty

Hertz has entered into an agreement to acquire car hire rival, Dollar Thrifty, more than two years after first making a bid for the company.
 The final offer is apparently worth $87.50 per share, which totals approximately $2.56 billion – more than double Hertz’s original 2010 bid. Since then, Hertz has been embroiled in a bidding war with the Avis Budget Group, with the latter company finally pulling out earlier this year.
The Hertz deal, which has been unanimously approved by directors of both companies, will be an all cash transaction. The combined company will offer approximately 10,000 locations across the world.