Hertz ACQUIRES Dollar Thrifty and 2 HOT Stocks to Watch

Hertz (NYSE:HTZ) is to acquire Dollar Thrifty (NYSE:DTG) paying $87.50 per share in a deal worth $2.3 billion. That’s a premium of 8 percent on Dollar Thrifty’s Friday close price.  According to Chairman and CEO Mark P. Frissora, Hertz gets access to two well-known rental car brands — Dollar and Thrifty — and becomes a more competitive player in international markets.

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Unfazed by a cooling Chinese market, Ford (NYSE:F) starts work on a plant located in Chongqing in southwest China that will manufacture the 2-liter EcoBoost turbocharged engine. Car makers see a huge growth opportunity in the country’s middle and west.

Fox Broadcasting (NWS, NWSA) has approached a federal court in Los Angeles seeking a preliminary court ban against Dish Network’s (NASDAQ:DISH) feature that allows viewers to skip commercials, as the service would cause a loss in revenue to TV networks.

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