Delaware Chancery Clears the Dollar Thrifty/Herz Merger But Discredits DCF With Synergies

Business Valuation UpdateVol. 16 No. 11
Legal and Court Case Update
November 2010
7514 Passenger Car Rental
532111 Passenger Car Rental
securities litigation

In re Dollar Thrifty Shareholder Litigation
2010 WL 3503471 (Del. Ch.) (unpublished)
August 27, 2010
US
State Court
Delaware
Court of Chancery
Amy Miller, Carmella P.Keener, Courtney M.Dankworth, Darren J.Robbins, David T.Wissbroecker, Dawn M.Jones, Deborah Duell, Donald J.Wolfe, Gary W.Kubek, James H.Miller, Jay W.Eisenhofer, Jeremy Friedman, Jessica Zeldin, Joel Friedlander, Joseph H.Weiss, Jo
Travis Keath (plaintiffs)
Strine

Summary

Delaware Chancery declines to enjoin proposed merger between Dollar Thrify rental car company and Hertz, after rejecting plaintiffs’ DCF, which incorrectly included synergies of the merger.

See Also

In re Dollar Thrifty Shareholder Litigation

Delaware Chancery declines to enjoin proposed merger between Dollar Thrify rental car company and Hertz, after rejecting plaintiffs’ DCF which incorrectly included synergies of the merger.