Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 31-08-2012 | Practice Area: | Corporate and M&A |
| Deal Title: | Hertz Global acquisition of Dollar Thrifty Automotive | Industry: | Travel & Leisure |
| Description: |
The Firm is representing J.P. Morgan and Goldman, Sachs & Co. as financial advisors to Dollar Thrifty Automotive Group, Inc. in its acquisition by Hertz Global Holdings, Inc. in a transaction valued at approximately $2.3 billion. The transaction has been structured as a two-step acquisition including a cash tender offer for all outstanding shares of Dollar Thrifty common stock followed by a cash merger in which Hertz would acquire any remaining outstanding shares of Dollar Thrifty common stock. The combination of Hertz and Dollar Thrifty will create a global, multi-brand rental car leader offering customers a full range of rental options through its strong premium and value brands.
The Simpson Thacher team includes Brian Stadler, S.J. Gagliardi and Adam Glenn (M&A).
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| Financial Center: | New York | Value: | 1000.01-5000.00 |
| Advised Party: | Financial Advisors | Law Firm | Simpson Thacher |
| Target Company Jurisdiction: | United States | Acquiror Jurisdiction: | United States |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Brian M Stadler |
