Hertz Global Holdings Inc. (HTZ) announced it has extended the expiration date of its cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group, Inc. (DTG) for $87.50 per share. The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on October 22. The tender offer was previously scheduled to expire on October 5.
The depositary for the tender offer has advised Hertz that, as of the close of business on October 4, 2012, approximately 6,570,988 shares of Dollar Thrifty common stock have been tendered into and not withdrawn from the tender offer.
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