Park Ridge, N.J.- based Hertz is in the process of acquiring Tulsa, Okla.- based Dollar Thrifty Automotive Group Inc. for $87.50 per share, or about $2.3 billion. The offer, which was previously set to expire on Friday, will now expire on Oct. 22, Hertz said. Hertz shares fell 2 cents to $14.54 in midday trading Friday.
Oct 2- Penske Automotive Group Inc:. corp to operate car rental facilities in Memphis. *In connection with Hertz deal, co amended credit agreement for additional.
Oct 1- Hertz Global Holdings Inc:.
Oct 1- Standard& Poor's Ratings Services said today that it has assigned its' B' issue-level rating to HDTFS Inc.' s $600 million senior notes due 2020 and $600 million senior notes due 2022, and then placed both ratings on CreditWatch with negative implications.
Hertz said it plans to use the offering's proceeds to finance part of its tender offer for Dollar Thrifty Automotive Group Inc.' s shares and refinance some of that company's existing debt. In August, Park Ridge, N.J.- based Hertz reached a deal to buy Tulsa, Okla.- based Dollar Thrifty for $87.50 per share, or about $2.3 billion.
*Moody's assigns b2 rating to Hertz acquisition notes; outlook is stable.
Oct 1- Hertz Global Holdings Inc:. *Franchises Swiss business to Emil Frey Group. Oct 1- Hertz Global Holdings Inc:.
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Take a look at some of Friday's midday movers:
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