Dollar Thrifty Automotive (DTG) Soars on Takeover Reports

Shares of Dollar Thrifty Automotive Group Inc. (NYSE: DTG) are higher today on rumors reported in the New York Times, the company is in takeover discussions with Vanguard Car Rental, which owns National and Alamo, in a deal valued at more than $3 billion.
If the deal is completed it would create the third-largest rental car company in the US, behind Enterprise Rent-a-Car and Hertz Global Holdings (NYSE: HTZ).