Dollar Thrifty Automotive Group Inc. said its ready to consider a substantially higher offer from Avis Budget Group Inc., after Hertz Global Holdings Inc. made a bid to acquire the rental-car company.

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Dollar Thrifty Says Its Ready to Consider Avis Offer (Update1)

Avis Budget Group on Tuesday said its rental car funding subsidiary completed a multi-class offering of about $580 million in asset-backed bonds.

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Avis Budget completes $580M asset-backed bond sale (AP via Yahoo! News)