Avis Budget Group Receives Request For Additional Information From FTC Regarding Potential Acquisition of Dollar Thrifty

Jun 15, 2010, 07:00 ET from Avis Budget Group, Inc.

PARSIPPANY, N.J., June 15 /PRNewswire-FirstCall/ -- Avis Budget Group, Inc. (NYSE: CAR) today announced that it has received a request for additional information ("Second Request") from the U.S. Federal Trade Commission ("FTC") with respect to the Company's potential acquisition of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG).  

Avis Budget continues to cooperate with the FTC in its review of this potential transaction.

Citigroup and Morgan Stanley are acting as financial advisors to Avis Budget Group and Kirkland & Ellis LLP and Arnold & Porter LLP are acting as legal counsel.

About Avis Budget Group

Avis Budget Group is a leading provider of vehicle rental services, with operations in more than 70 countries.  Through its Avis and Budget brands, the Company is a leading vehicle rental company in each of North America, Australia, New Zealand and certain other regions based on published airport statistics.  Avis Budget Group is headquartered in Parsippany, N.J. and has more than 22,000 employees.  For more information about Avis Budget Group, visit www.avisbudgetgroup.com.

Media Contacts:

John Barrows



Joele Frank, Wilkinson Brimmer Katcher

Joele Frank / Andrew Siegel / Ed Trissel 212.355.4449

Investor Contacts:

Neal Goldner



MacKenzie Partners

Dan Burch / Charlie Koons

212.929.5748 / 212.929.5708

SOURCE Avis Budget Group, Inc.