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Empresas y finanzas

Hertz to buy car hire rival Dollar Thrifty for about $2.3 billion


    (Reuters) - Hertz Global Holdings , the No. 2. U.S. car rental company, said it will buy rival Dollar Thrifty Automotive Group for about $2.3 billion, ending years of an on-off takeover battle.

    Hertz will buy Dollar Thrifty for $87.50 per share in cash, a premium of 8 percent over Dollar Thrifty's Friday closing price of $81 on the New York Stock Exchange.

    (Reporting by Sakthi Prasad in Bangalore; Editing by Daniel Magnowski)