Dollar Thrifty seeks best bids from Avis, Hertz
Aug 21, 2011, 1:50 p.m.
NEW YORK (Reuters) - Dollar Thrifty Automotive Group Inc
Dollar Thrifty said both car rental companies have made substantial progress with regulatory reviews, and that will solicit best and final definitive proposals for submission in early October.
"Based on the results of this process, we will consider what actions would be in the best interests of Dollar Thrifty and its shareholders," the company's chief executive, Scott Thompson, said in a letter to the CEOs of both Avis and Hertz.
(Reporting by Martinne Geller, editing by Maureen Bavdek)