Avis Budget (CAR) Jumps 14% Today on HTZ/DTG Merger
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Price: $111.31 -5.07%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.2%
Revenue Growth %: +1.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.2%
Revenue Growth %: +1.7%
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Avis Budget Group, Inc. (NYSE: CAR) is seeing a 14% move higher today after the takeover of Dollar Thrifty Automotive Group Inc. (NYSE: DTG) by Hertz Global Holdings, Inc. (NYSE: HTZ).
Illustrating shareholders enthusiasm for the deal, shares of Hertz, the acquiring company, is rallying 17% today. Normally shares of the acquirer are lower.
StreetInsider.com noted at 7:30AM ET that investors should keep an eye on CAR today on the deal.
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Illustrating shareholders enthusiasm for the deal, shares of Hertz, the acquiring company, is rallying 17% today. Normally shares of the acquirer are lower.
StreetInsider.com noted at 7:30AM ET that investors should keep an eye on CAR today on the deal.
Market Moving News and Intelligence - Free Trial
http://www.streetinsider.com/premium_content.php
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