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Update on October 28, 2009:
Dollar Thrifty has priced a public offering of 5.75 million shares of common stock at a price of $19.25 per share.
The underwriters will have a 30-day option to purchase up to an additional 0.86 million shares of common stock from the company.
The offering is expected to close on November 3, 2009.
Announcement (October 26, 2009):
Dollar Thrifty intends to offer 5.75 million shares of common stock in an underwritten public offering.
Goldman, Sachs & Co. and J.P. Morgan Securities, Inc. are acting as joint book-running managers for the offering.
Deal Value (US$ Million) 110.69 Deal Type IPO Sub-Category Secondary Offering Deal Status Completed: 2009-11-03
Deal Participants
Target (Company) Dollar Thrifty Automotive Group, Inc.
Deal Rationale
Dollar Thrifty intends to use the net proceeds from the offering for general corporate purposes.
Offer Price ($ per share) 19.25 No. Shares Issued 5750000
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