Hertz buys rival Dollar Thrifty

Filed under: AM Roundup |

Hertz Global Holdings, the No. 2 U.S. car rental company, has purchased rival Dollar Thrifty for $2.3 billion, said the Chicago Tribune.

The move has been ongoing for more than two years, and was finalized last week. With the takeover, the rental car market has just three companies with 90 percent of the market.

Read more at the Chicago Tribune.