Avis, Budget brands to unite worldwide in $1B deal

Car rental company Avis Budget Group Inc. said Tuesday it will take over Avis Europe in a $1 billion deal, raising the possibility that Avis Budget may back away from a bidding war for U.S. rival Dollar Thrifty.

Avis outbids Hertz in battle for Dollar Thrifty

Car hire company Avis has upped its offer for Dollar Thrifty to $1.52bn (£967m) in cash and shares, in a bidding war with rival Hertz.

Dollar Thrifty still supports Hertz buyout offer

Dollar Thrifty Automotive Group Inc. said Monday it still favors Hertz's takeover bid over a higher per-share offer from Avis Budget Group.

Avis Dollar Thrifty at a Glance

Car rental companies Avis Budget Group Inc. and Hertz Global Holdings Inc. are in a tussle to win control of Dollar Thrifty Automotive Group Inc., with Avis raising the cash part of its cash-and-stock bid on Thursday. Here's more details on the companies involved in the potential deal.

Avis raises cash portion of Dollar Thrifty bid

Car rental company Avis Budget Group said Thursday it is raising the cash portion of its bid for Dollar Thrifty as it battles Hertz for the potential buyout.