Hertz to acquire Dollar Thrifty

 
Old Apr 26, 10, 6:39 am
  #1  
Original Poster
 
Join Date: Jan 2004
Location: JFK/HYA
Programs: UAL 1K, MAR Pt
Posts: 3,849
Hertz to acquire Dollar Thrifty

Announced earlier today.

Mark P. Frissora, Hertz's Chairman and Chief Executive Officer, said, "Combining Hertz and Dollar Thrifty is an excellent strategic fit. Dollar Thrifty is a $1.6 billion business with more than 1,550 corporate and franchise rental locations worldwide which, when combined with our global network, will serve rental customers on six continents from approximately 9,800 locations. Together we will be able to compete even more effectively and efficiently against other multi-brand car rental companies, offering customers a full range of rental options in the U.S. between the Hertz, Dollar, Thrifty and Advantage brands. Dollar Thrifty also has a strong international presence, complementing our global footprint, which enables us to utilize a recognized brand to accelerate our leisure rental strategy in Europe and other markets. Financially, we believe the deal is attractive, accretive to earnings and structured to maintain Hertz's strong credit profile. We've identified at least $180 million of synergies already, primarily in fleet, IT systems and procurement, enabling our companies to operate at an even lower cost," he added.
Hertz is paying $41 per share. Dollar Thrifty's share price a year ago: $1.99.
blort is offline  
Old Apr 26, 10, 6:49 am
  #2  
 
Join Date: Apr 2002
Location: Las Vegas
Posts: 866
Yea, that consolidation should be a real...

bonus for car rental rates...

NOT
randix is offline  
Old Apr 26, 10, 5:16 pm
  #3  
FlyerTalk Evangelist, Moderator, Information Desk, Ambassador, Alaska Airlines
Hilton Contributor BadgeIHG Contributor Badge
 
Join Date: Dec 2006
Location: ANC, MRI
Programs: AS MVP Gold75K, AS 1MM, Maika`i Card, AGR, HH Gold, Hertz PC, Marriott LTG, SPG Gold, CO, 7H, BA, 8E
Posts: 41,227
...And then there was three...

What should the new acronym be... HDTAG?
beckoa is offline  
Old Apr 26, 10, 5:30 pm
  #4  
Moderator, Alaska Airlines & FlyerTalk Evangelist
 
Join Date: Mar 2004
Location: SGF
Programs: AS, AA, UA, AGR (ex-75K, GLD, 1K, and S+), Choice Diamond, HZ PC, Costco Exec, NPS Passport
Posts: 22,880
Originally Posted by beckoa View Post
...And then there was three...

What should the new acronym be... HDTAG?
This does mean there are only three major rental companies left in the U.S.:

HertzDollarThriftyAdvantage
EnterpriseAlamoNational
AvisBudget

This could get bad for consumers...
jackal is offline  
Old Apr 26, 10, 10:44 pm
  #5  
FlyerTalk Evangelist, Moderator, Information Desk, Ambassador, Alaska Airlines
Hilton Contributor BadgeIHG Contributor Badge
 
Join Date: Dec 2006
Location: ANC, MRI
Programs: AS MVP Gold75K, AS 1MM, Maika`i Card, AGR, HH Gold, Hertz PC, Marriott LTG, SPG Gold, CO, 7H, BA, 8E
Posts: 41,227
Wirelessly posted (beckoa\'s PWP wonderous poster: BlackBerry9000/4.6.0.304 Profile/MIDP-2.0 Configuration/CLDC-1.1 VendorID/102)

Originally Posted by jackal
Originally Posted by beckoa View Post
...And then there was three...

What should the new acronym be... HDTAG?
This does mean there are only three major rental companies left in the U.S.:

HertzDollarThriftyAdvantage
EnterpriseAlamoNational
AvisBudget

This could get bad for consumers...
Yuppers...
beckoa is offline  
Old Apr 28, 10, 5:31 am
  #6  
 
Join Date: Oct 2005
Location: LAS based - Home is worldwide
Programs: OneWorld Emeralds, Star Gold, SkyTeam Silver, Southwest A-List, VIP Car Renter, Hotel Elite
Posts: 7,170
Originally Posted by jackal View Post
This does mean there are only three major rental companies left in the U.S.:

HertzDollarThriftyAdvantage
EnterpriseAlamoNational
AvisBudget

This could get bad for consumers...
Correction:
HertzDollarThriftyAdvantageSimplyWheelz
Mrp Alert is offline  
Old Apr 28, 10, 6:01 pm
  #7  
 
Join Date: Oct 2008
Location: YYJ
Programs: Aeroplan, Priority Club, National Exec Elite, Hertz #1 Gold, Avis First, Thrifty Bluechip
Posts: 1,924
Originally Posted by blort View Post
Hertz is paying $41 per share. Dollar Thrifty's share price a year ago: $1.99.
In March of 2009 it was even lower, hovering around 60 cents a share. Having not watched Wall Street at that point, I wasn't yet inspired to play with the stock market. I could've easily cobbled together $600 for 1,000 shares back then, and now that I've been unemployed for 9 months selling those 1,000 shares would've come in nice and handy right about now.

I'll probably stop banging my head against the wall around when the Leafs win the Cup again....
Tuneman1984 is offline  
Old Apr 29, 10, 2:25 am
  #8  
Moderator, Alaska Airlines & FlyerTalk Evangelist
 
Join Date: Mar 2004
Location: SGF
Programs: AS, AA, UA, AGR (ex-75K, GLD, 1K, and S+), Choice Diamond, HZ PC, Costco Exec, NPS Passport
Posts: 22,880
Originally Posted by Tuneman1984 View Post
In March of 2009 it was even lower, hovering around 60 cents a share. Having not watched Wall Street at that point, I wasn't yet inspired to play with the stock market. I could've easily cobbled together $600 for 1,000 shares back then, and now that I've been unemployed for 9 months selling those 1,000 shares would've come in nice and handy right about now.

I'll probably stop banging my head against the wall around when the Leafs win the Cup again....
If I hadn't thought there was a 50/50 chance of DTAG going completely under, I probably would have cobbled together that $600. I'm still banging my head against the wall, too...
jackal is offline  

Thread Tools
Search this Thread