Avis Budget Group Inc. said Wednesday it has offered $1.33 billion in cash and stock for rival rental-car operator Dollar Thrifty Automotive Group Inc.

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Avis makes $1.33B bid for Dollar Thrifty

PARSIPPANY, N.J. – Avis Budget Group Inc. says it has offered $1.33 billion in cash and stock for rival rental-car operator Dollar Thrifty Automotive Group Inc.

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Avis offers $1.33B for Dollar Thrifty in effort to trump Hertz for rental car company

Avis offered to buy Dollar Thrifty car rental for $39.25 a share cash and 0.6543 share of Avis stock. Dollar already has agreed to a buyout by Hertz .

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