rental cars

Avis Raises Its Bid for Dollar: Do 'Jumpers' Have an M&A Edge?

Avis Budget has increased its offer for Dollar Thrifty, firing the latest salvo in its bidding war for Dollar with archrival Hertz. It's a familiar pattern in the world of mergers and acquisitions, and the data shows that interlopers like Avis often a better chance of taking home the prize.

Avis Will Fight Hertz for Dollar Thrifty

A week after rental car giant Hertz announced plans to drive off into the sunset with Dollar Thrifty, rival Avis Budget on Monday made clear that it plans to crash the party. Avis is wooing Dollar for itself, bringing a higher offer (and some serious hired guns) to the table.