Swisher Divests Choice, Hertz/Dollar Thrifty Finally Done: Merger and Acquisition Recap
A top provider of essential hygiene and sanitation products and services, Swisher Hygiene (NASDAQ:SWSH), divested its Choice Environmental Services subsidiary on Friday to Waste Services of Florida, which is a unit of Progressive Waste Solutions (NYSE:BIN), for around $123.3 million in a cash transaction. Through the terms, the acquisition price can be raised by as much as $1.75 million once a predetermined revenue target is met.
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It might be finally done. United States antitrust regulators approved Hertz Global Holdings’ (NYSE:HTZ) $2.6 billion acquisition of Dollar Thrifty Automotive Group (NYSE:DTG) on Thursday, following nearly a half-decade. Regulators have always been concerned that such a deal could limit competition. To that effect, Hertz will divest 62 Advantage brand outlets along with the rights to operate 29 Dollar Thrifty on airport locations, according to the Federal Trade Commission in a statement.
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