Hertz Global Holdings Inc has tentatively agreed to sell around a dozen car rental locations at U.S. airports as a remedy to win over U.S. regulators for its proposed acquisition of Dollar Thrifty Automotive Group Inc, The Wall Street Journal reported on Sunday. On Friday, Bloomberg reported that Hertz was being pressed by antitrust regulators to shed at least a dozen airport locations.By shedding the airport locations, Hertz is hoping it will allay concerns from the Federal Trade Commission that a combination of the rental-car giants will give them too much control, particularly at airports, which would harm consumers, the Journal said.Officials at Hertz, Dollar Thrifty and the FTC could not be reached immediately for comment.Hertz has more than 3,900 airport and non-airport locations in the United States. Dollar Thrifty on its website says it has about 585 outlets in the United States and Canada, but does not give a breakdown between the two countries.
Dollar Thrifty Automotive Group, Inc. (DTG) is engaged in the business of the daily rental of vehicles to business and leisure customers through Company-owned stores. Shares of DTG traded higher by 5.4% or $4.3/share to $84.00. In the past year, the shares have traded as low as $62.51 and as high as $87.70. On average, 1474700 shares of DTG exchange hands on a given day and today's volume is recorded at 6263265.
Hertz Global Holdings, Inc. (Hertz Holdings) is a holding company. Shares of HTZ traded higher by 7.26% or $0.97/share to $14.34. In the past year, the shares have traded as low as $9.95 and as high as $16.64. On average, 5887720 shares of HTZ exchange hands on a given day and today's volume is recorded at 13716614.
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