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Hertz (HTZ) presents the FTC with a remedy package to shore up its still-sputtering bid for Dollar Thrifty (DTG). A source tells dealReporter the company has lined up a strategic divestiture buyer to help make the deal palatable to regulators. In circular logic that partially explains why no deal has been struck after 18 months of pursuit - an outside attorney says the FTC won't agree to the deal in principle until the two players come to terms even though DTG says a deal must clear regulatory risk first.

Hertz (HTZ) presents the FTC with a remedy package to shore up its still-sputtering bid for Dollar Thrifty (DTG). A source tells dealReporter the company has lined up a strategic divestiture buyer to help make the deal palatable to regulators. In circular logic that partially explains why no deal has been struck after 18 months of pursuit - an outside attorney says the FTC won't agree to the deal in principle until the two players come to terms even though DTG says a deal must clear regulatory risk first. Post your comment!
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