Hertz extends exchange offer to acquire Dollar Thrifty
PARK RIDGE, N.J. - Hertz Global Holdings, Inc.
PARK RIDGE, N.J. – Hertz Global Holdings, Inc. (“Hertz”) today announced that it has extended the expiration date of its exchange offer for all outstanding shares of car rental comany, Dollar Thrifty Automotive Group, Inc. (“Dollar Thrifty”) 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 midnight, New York City time, on November 1, 2011, unless further extended. The exchange offer was previously scheduled to expire at 12:00 midnight, New York City time, on September 9, 2011.
Except for the extension of the exchange offer expiration date, all other terms and conditions of the exchange offer remain unchanged. Hertz continues to pursue its immediate goal of obtaining FTC clearance for the proposed transaction with Dollar Thrifty. As of the close of business on September 9, 2011, approximately 2,616,001 shares of Dollar Thrifty common stock had been tendered into and not withdrawn from the exchange offer.