PAR Capital Management owns about 7.7% of Dollar Thrifty Automotive Group. The firm believes that Hertz Global Holdings, Inc isn't offering a fair deal. As such, PAR Capital Management had announced it will vote against the takeover of Dollar Thrifty Group by Herz Global Holdings.
Wall street analysts believe this will make shares of Dollar Thrifty Group soar higher as investors will realize the true value of the company. The Street's consensus is that Dollar Thrifty will get taken out for around $1.75 billion or $61.02/share. This represents a 21% premium over today's closing price of $50.29/share.
