Hertz’s Proposed Acquisition of Dollar Thrifty

On August 27, 2012, Hertz Global Holdings, Inc. announced that it has entered into a definitive merger agreement to acquire Dollar Thrifty Automotive Group, Inc. in a transaction with a corporate enterprise value of approximately $2.3 billion. Cravath represented Hertz in this transaction.

The Cravath team was led by partner Minh Van Ngo and included associates Michael S. Darby and Seunghee (Cindy) Ham on M&A matters; practice area attorney Michael Krasnovsky and associate Neetin Gulati on executive compensation and benefits matters; partner Michael L. Schler on tax matters; and partner Matthew Morreale on environmental matters. Summer associate Daniel Cerqueira also worked on M&A matters.