Standard & Poor’s Ratings Services said Friday it would leave car-rental giant Hertz Global Holdings Inc.’s ratings unchanged after the rejection of Hertz’s bid for rival Dollar Thrifty Automotive Group Inc.
Continued here:
S&P to leave ratings on Hertz unchanged
Shares of car rental companies will likely be on the move Friday after Dollar Thrifty Automotive Group Inc. shareholders rejected a takeover offer by Hertz — opening the door for a rival bid from Avis Budget Group Inc.
Read more from the original source:
Ahead of the Bell: Car rental companies could move
Hertz Global Holdings said on Friday it would not raise further its offer for Dollar Thrifty , a day after rival Avis Budget outbid it again in the battle for gaining control over the smaller car rental firm.