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(Image from article: "Hertz and Dollar Thrifty Agree to Deal")

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Hertz and Dollar Thrifty Agree to Deal

Hertz Global Holdings agreed on Sunday to raise its takeover offer for the Dollar Thrifty Automotive Group to about $1.4 billion in stock and cash, trumping a rival offer from the Avis Budget Group.

Avis to Dollar Thrifty: We will top Hertz bid

Avis says rival rental car company Dollar Thrifty is selling itself too cheaply to Hertz, and promised to top the buyout offer announced last week.

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