SEC Approves Hertz and Dollar Thrifty Deal
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Hertz Global Holdings Inc. said that the Securities and Exchange Commission approved its registration statement for its proposed acquisition of Dollar Thrifty Automotive Group Inc. on August 17, 2010. Hertz said the registration statement includes a proxy statement/prospectus relating to the Dollar Thrifty stockholder vote required to approve the merger and covering shares of Hertz's common stock to be issued to Dollar Thrifty stockholders under the terms of the merger agreement. In addition, Dollar Thrifty has started mailing the proxy statement/prospectus to its stockholders, seeking approval of the deal. The car rental company plans a shareholder vote on the deal at a special meeting on September 16.
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