Finkelstein Thompson LLP Announces Investigation of Dollar Thrifty Automotive

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Dollar Thrifty Automotive Group Inc. (NYSE:DTG) arising from the Company’s announcement of its intent to merge with Hertz Global Holdings  (NYSE: HTZ). Under the terms of the agreement, Dollar Thrifty will first pay a $200 million special cash dividend worth approximately $6.88 per share. Dollar Thrifty shareholders will then receive $25.92 in cash and 0.6366 shares of Hertz stock for each share of Dollar Thrifty common stock owned, for total consideration of approximately $41 per share. The total transaction is valued at $1.2 billion.

The investigation is focused on the potential unfairness of the consideration to Dollar Thrifty’s shareholders and the process by which the Dollar Thrifty Board of Directors considered and approved the transaction. Hertz is offering only a 5.5% premium over the $38.85 per share closing price of Dollar Thrifty on the day before the announcement, and at least one analyst has set a target price of $44 per share. A representative of Citadel Investment Group, Dollar Thrifty’s third largest shareholder, called the proposed transaction a “complete steal”.

If you are interested in discussing your rights as a Dollar Thrifty shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at This email address is being protected from spam bots, you need Javascript enabled to view it