UPDATE 1-Avis raises offer for Dollar Thrifty to $1.52 bln

Newswire

* Avis ups cash component to $45.79 * Says willing to offer a higher price * Dollar Thrifty shares up 2 pct Sept 23 (Reuters) - Avis Budget Group increased its offer to acquire Dollar Thrifty to about $1.52 billion, topping a sweetened offer from Hertz earlier this month. Avis said it was increasing the cash portion of its offer to $45.79 per share from $40.75 a share. The stock portion of the offer remains unchanged at 0.6543 Avis shares for every Dollar Thrifty share. Earlier ...

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