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Hertz Global Holdings ( HTZ.N ) agreed to buy rival Dollar Thrifty Automotive Group ( DTG.N ) for about $2.3 billion in a deal that puts about 95 percent of the U.S. car rental market in the hands of three companies.
The sale ends more than two years of on-off how to get ticket upgrades air travel takeover talks for Dollar Thrifty involving Hertz, the No. 2. U.S. car rental how to get ticket upgrades air travel company, how to get ticket upgrades air travel and third-ranked Avis Group Inc ( CAR.O ) that have been plagued by disagreements over price and doubts about regulatory approval.
If it is confirmed, the deal will cement how to get ticket upgrades air travel Hertz s position how to get ticket upgrades air travel as the number two and leaves Avis far behind in third. Privately held Enterprise Holdings, with its Alamo, how to get ticket upgrades air travel National and Enterprise brands, how to get ticket upgrades air travel is far and away the market leader.
Isn't buying out your competition how to get ticket upgrades air travel and controlling most of the market moving toward a monopoly? Is that the free market in operation. No, but there will be many that claim it is. "Creative Destruction" is the rule – if you are a free market fundamentalist – religion without a God unless you can consider the filthy green, a deity.
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