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MrWhy.com » Videos » Hertz Extends Exchange Offer to Acquire Dollar Thrifty to Au |
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Hertz Extends Exchange Offer to Acquire Dollar Thrifty to Au
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Hertz Extends Exchange Offer to Acquire Dollar Thrifty to Au
Hertz Global Holdings (NYSE:HTZ) announced that it has extended the expiration date of its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group (NYSE:DTG) for $57.60 in cash and 0.8546 shares of Hertz common stock. The exchange offer and withdrawal rights are now scheduled to expire at 12:00 a.m. ET, on August 5. The exchange offer was previously scheduled to expire at 12:00 a.m. ET on July 8. Except for the extension of the exchange offer expiration date, all other terms and conditions of the exchange offer remain unchanged.Hertz Global (NYSE:HTZ) has a potential upside of 27.5% based on a current price of $16.27 and an average consensus analyst price target of $20.75.
Video Length: 0
Date Found: July 11, 2011
Date Produced: July 11, 2011
View Count: 0
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