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Hertz Global Holdings, Inc., In the Matter of

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Last Updated

September 5, 2014

FTC Matter/File Number

101 0137

Enforcement Type

Part 2 Consents

Case Summary

Hertz Global Holdings, Inc. agreed to sell its Advantage Rent A Car business, as well as the rights to operate 29 Dollar Thrifty on-airport locations around the country, to settle charges that Hertz’s $2.3 billion acquisition of Dollar Thrifty would have been harmed competition in 72 airport markets throughout the United States.

Case Timeline

September 5, 2014

Commission Letter Approving Petition Filed by Franchise Services of North America For Prior Approval of the Sale and Assignment of One Closed Advantage Location -- In San Jose, California -- to Sixt Rent-A-Car, LLC, and the Sale and Assignment of One Closed Advantage Location -- In Portland, Oregon -- To Avis Budget Group (48.34 KB)

PRESS RELEASE: FTC Approves Sales of Airport Car Rental Assets in Portland, Oregon and San Jose, California

July 11, 2014

Petition of Franchise Services of North America, Inc. for Prior Approval of the Sale of the Portland and San Jose Locations (10.38 MB)

PRESS RELEASE: FTC Seeks Public Comment on Franchise Services of North America’s Application to Sell Two Former Advantage Rental Car Locations to Avis Budget Group and Sixt Rent-A-Car

May 30, 2014

Commission Letter Approving Petition Filed by Franchise Services of North America To Approve the Sale and Assignment of Ten Closed Advantage Locations To Hertz Global Holdings, Inc., and of Twelve Closed Advantage Locations To Avis Budget Group (44.14 KB)

PRESS RELEASE: FTC Approves Franchise Services of North America’s Application to Sell Certain Advantage Rent a Car Locations to Hertz and Avis Budget Group

April 17, 2014

Petition of Franchise Services of North America, Inc. for Prior Approval of the Sale of the Non-Transferred Locations (9.48 MB)

PRESS RELEASE: FTC Seeks Public Comment on Franchise Services of North America’s Application to Sell Assets Related to Simply Wheelz to Hertz and Avis Budget Group

January 30, 2014

Commission Letter Approving the Petition -- Filed by Franchise Services of North America (FSNA) on January 2, 2014 -- For Approval of the Sale of Certain Assets Now Held by Simply Wheelz (An FSNA Subsidiary) To The Catalyst Capital Group Inc. (83.07 KB)

PRESS RELEASE: FTC Approves Franchise Services of North America’s Application to Sell Advantage Rent a Car to The Catalyst Capital Group, Inc.

January 7, 2014

Petition For Prior Approval of the Sale of Simply Wheelz (Doing Business As Advantage Rent-A-Car) To The Capital Catalyst Group, Inc., Filed by Franchise Services of North America, Inc. (The Acquirer of the Assets To Be Divested Under the Decision and Order) (153.03 KB)

Public Exhibit A [Settlement Agreement Among the Debtor (Simply Wheelz LLC, Doing Business as Advantage Rent-A-Car), The Hertz Corporation and Other Parties (United States Bankruptcy Court For the Southern District of Mississippi] and Public Exhibit B [Asset Purchase Agreement By and Among (1) The Catalyst Capital Group Inc., as the Purchaser; (2) Simply Wheelz LLC Doing Business As Advantage Rent A Car as the Seller; and (3) Franchise Services of North America, Inc.] (December 16, 2013) (3.57 MB)

PRESS RELEASE: FTC Seeks Public Comment on Franchise Services of North America’s Application for Approval to Sell Advantage Rent a Car to The Catalyst Capital Group, Inc.

July 11, 2013

Decision and Order [Redacted Public Version] (80.61 KB)

Order To Maintain Assets [Redacted Public Version] (38.46 KB)

Complaint (48.81 KB)

Letter To Counsel For Hertz Global Holdings, Inc (79.04 KB)

Letter to Commenter Fleischmann (63 KB)

Letter to Commenter Hale (62.23 KB)

Letter to Commenter Harris (62.56 KB)

Letter to Commenter Kalil (61.45 KB)

Letter to Commenter Mount (60.62 KB)

Letter to Commenter Redford (64.19 KB)

PRESS RELEASE: FTC Approves Modified Final Order in Hertz Acquisition of Dollar Thrifty

November 26, 2012

Federal Register Notice: Analysis of Agreement Containing Consent Orders to Aid Public Comment; Proposed Consent Agreement (208.3 KB)

November 15, 2012

Agreement Containing Consent Order (16.4 KB)

Decision and Order [Redacted Public Version] (80.61 KB)

Order To Maintain Assets [Redacted Public Version] (38.46 KB)

Complaint (48.81 KB)

Analysis of Agreement Containing Consent Orders To Aid Public Comment (60.92 KB)

PRESS RELEASE: FTC Requires Divestitures for Hertz's Proposed $2.3 Billion Acquisition of Dollar Thrifty to Preserve Competition in Airport Car Rental Markets