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Hertz to buy Dollar Thrifty for $1.17B

CHICAGO — Hertz Global Holdings Inc. reports it has agreed to buy rival Dollar Thrifty Automotive Group for about $1.17 billion in cash and stock as it tries to expand its vacationer business. Shares of both companies soared. The deal will give Hertz, already the world’s largest car rental company, a third more locations around the globe, boosting its total ...

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