Reuters - FTC Looking into Macquarie's Car Rental Company Deal
U.S. antitrust regulators are looking into the consent decree that allows Macquarie Group Ltd's private equity business to buy the Advantage rental car brand from Hertz Global Holdings Inc, writes Reuters. At the time of approving Hertz's $2.56 billion bid for Dollar Thrifty Automotive, the Federal Trade Commission - concerned about the number of major rental car chains shrinking to three from four - demanded that Hertz sell locations, recreating a fourth competitor after Dollar Thrifty was absorbed.
8 April 2013•2 mins read
