Thursday, November 15, 2012

Dollar Thrifty = Done Deal

It’s official now… The FTC has approved Hertz Global Holdings, Inc. (Ticker: HTZ) acquisition of Dollar Thrifty Automotive Group, Inc (Ticker: DTG). This has got to be one of the most volatile merger arb plays that I’ve been involved in. In any case it’s done and I can sleep a little better now. I may or may not tender my shares tomorrow depending on the price.

Edit: I tendered my shares today (11/16) instead of selling in the market. After the close, Hertz announced the expiration of the tender offer. I expect to see the cash in my account next week.


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