Hertz amended its agreement to purchase Dollar Thrifty and began a process to divest Advantage Rent-a-Car

"to facilitate the prompt closing of the transaction" with Dollar Thrifty, according to a joint statement from Hertz and Dollar Thrifty. The two companies agreed to increase the purchase price to $50 per share and Dollar Thrifty pushed back by two weeks to Sept. 30 a special shareholder meeting on the revised Hertz proposal. Regarding Advantage, "It is clear to us that brand divestiture will be required to complete a transaction involving Dollar Thrifty that satisfies regulators' concerns," according to Hertz CEO Mark Frissora.