Raised Guidance From Dollar Thrifty (DTG) Could Lead to Raised Offer
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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.
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