TIMELINE-Hertz finally drives away with Dollar Thrifty

Newswire

Aug 27 (Reuters) - Car rental company Hertz Global Holdings Inc snagged rival Dollar Thrifty Automotive Group after a hot pursuit. Hertz will pay $2.3 billion or $87.50 per share and has offered to divest its budget brand, Advantage, to gain antitrust approval. Avis Budget Group Inc pulled out of a long-running bidding war for Dollar Thrifty in September 2011, citing a market downturn. Following are key milestones in this long-running battle: ...

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