Hertz Global Offers To Buy Dollar Thrifty Automotive For $72 per share

Hertz Global Holdings Inc HTZ offered to purchase Dollar Thrifty Automotive Group Inc DTG for $72 per share. Hertz will offer $57.60 in cash and 0.8546 of its own shares for every DTG share. The offer by HTZ represents a 3.3% premium to DTG's closing price on Friday and a 26% premium to its 90-day average price. The offer values DTG at about $2.08 billion. HTZ shares gained 0.60% to close at $16.85 on Friday, while DTG shares fell 0.23% to close at $69.69 on Friday. Read more from Benzinga's Company news.