Hertz Global Holdings, Inc. today announced that it has received a request for additional information (“Second Request”) from the Federal Trade Commission (“FTC”) relating to Hertz’s proposed acquisition of Dollar Thrifty Automotive Group, Inc. (“Dollar Thrifty”). The Second Request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
Hertz continues to cooperate with the FTC to obtain antitrust regulatory clearance for the proposed acquisition.
Barclays Capital, Lazard, Bank of America Merrill Lynch and Deutsche Bank Securities are acting as financial advisors to Hertz. Barclays Capital is acting as the dealer manager for the exchange offer. Cravath, Swaine & Moore LLP, Debevoise & Plimpton LLP and Jones Day are acting as legal advisors to Hertz. William Blair & Company is acting as a financial advisor to Hertz in connection with the sale of its Advantage brand.
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