Avis Europe Merger Suggests Avis Budget Group Pulling Out of Dollar Thrifty Buyout

MSNBC - June 13, 2011

Avis Bud­get Group Inc. and Hertz Glob­al Hold­ings Inc. have been in a bid­ding war for rival Dol­lar Thrifty Auto­mo­tive Group Inc. Avis Bud­get just announced it has a new pri­or­i­ty, that of merg­ing with its pre­vi­ous part­ner Avis Europe in a move that glob­al­izes the Avis and Bud­get brands and makes the largest pub­licly-trad­ed car rental com­pa­ny in the world.