Raised Guidance From Dollar Thrifty (DTG) Could Lead to Raised Offer
Tweet
Share
E-mailGet Alerts DTG Hot Sheet
Join SI Premium – FREE
Takeover target Dollar Thrifty (NYSE: DTG) raised its 2010 EBITDA outlook today, which could entice one of the bidders for the company to raise their offer.
Dollar Thrifty sees FY10 adjusted EBITDA, excluding merger-related expenses, to be within a range of $240 million to $260 million for the full year of 2010, an increase of $40 million from the Company's previously announced guidance range.
Dollar Thrifty has received takeover bids from rival's Hertz Global Holdings, Inc. (NYSE: HTZ) and Avis Budget Group, Inc. (NYSE: CAR). The current high bid is Avis' $46.50 per share offer.
Track all the developments in the bidding for for Dollar Thrifty at StreetInsider.com's M&A Central.
Dollar Thrifty sees FY10 adjusted EBITDA, excluding merger-related expenses, to be within a range of $240 million to $260 million for the full year of 2010, an increase of $40 million from the Company's previously announced guidance range.
Dollar Thrifty has received takeover bids from rival's Hertz Global Holdings, Inc. (NYSE: HTZ) and Avis Budget Group, Inc. (NYSE: CAR). The current high bid is Avis' $46.50 per share offer.
Track all the developments in the bidding for for Dollar Thrifty at StreetInsider.com's M&A Central.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gap to Introduce New Line of Handbags From Former Coach Designer - WSJ
- Chevron Close To A Deal To Expand Operations In Venezuela - WSJ
- NVIDIA to invest $3.5B in Mediatek - Bloomberg
Create E-mail Alert Related Categories
Insiders' Blog, Rumors, Trader TalkRelated Entities
Dollar Thrifty TakeoverSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
