Want to rent a car? Your choices may be limited. According to The New York Times, Dollar Thrifty Automotive Group. which operates the Dollar and Thifty brands, is looking to merge with privately held Vanguard Car Rental, which runs the Alamo and National rent-a-car brands. The Times values the deal at $3 billion and would push the new pair to become the third-largest car rental business in the U.S. in terms of revenue. Vanguard Car rental is owned by investment firm Cerberus Capital Management LP. The New York-buyout shop bought Alamo and National Car Rental from bankrupt ANC Rental Corp. for $2.44 billion in October 2003. The move would generate some cost savings in the consolidation of back operations. At the same time, the company could continue to reach a wide range of customers at different price points with the four separate brands. The only question is whether antitrust regulators are willing to approve this merger ... — Gerald Magpily
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