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The Hertz Corporation announced the company would purchase of Dollar Thrifty Automotive Group for US$2.3 billion (equivalent to $3 billion in 2024) on November 19, 2012. [ 14 ] As a result of the impact of the COVID-19 pandemic on tourism , on April 30, 2020, Hertz announced that it has missed lease payments on its fleet and was seeking support ...
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Hertz Global Holdings, Inc. (formerly The Hertz Corporation), known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car , Firefly Car Rental and Thrifty Car Rental .
By April 2010, negotiations had led Hertz to an offer of US$1.27 billion, which was increased to US$1.5 billion, but was rejected a third time by Dollar Thrifty shareholders. [28] [29] In July 2011, Hertz's bid was increased to US$1.91 billion, competing against rival Avis Budget Group's offer of US$1.55 billion. [30]