Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Dollar Thrifty Automotive Group (“Dollar Thrifty” or the “Company”) (NYSE: DTG) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Hertz Global Holdings, Inc. (“Hertz”) (NYSE: HTZ) in a transaction valued at approximately $1.2 billion.

Are you affected?

• Do you own Dollar Thrifty Automotive Group common stock?
• Did you purchase your shares before April 26, 2010?
• Do you feel the merger is unfair?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Dollar Thrifty Automotive Group (“Dollar Thrifty” or the “Company”) (NYSE: DTG) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Hertz Global Holdings, Inc. (“Hertz”) (NYSE: HTZ) in a transaction valued at approximately $1.2 billion.  (http://www.rigrodskylong.com/news/DollarThrifty).

Under the proposed agreement, Dollar Thrifty shareholders will receive $41.00 per share in a mix of cash and stock.  The $41.00 per share purchase price is comprised of 80% cash consideration and 20% stock consideration.  The cash portion will be paid in two components; (1) a $200 million special cash dividend representing approximately $6.88 per share, to be paid by Dollar Thrifty immediately prior to the transaction closing and (2) $25.92 per share to be paid by Hertz at the closing.  The stock is at a fixed exchange ratio of 0.6366 per share, based upon a Hertz common stock closing price of $12.88 per share on April 23, 2010.

The investigation concerns whether Dollar Thrifty’s board of directors failed to adequately shop the Company and obtain the best price possible for Dollar Thrifty’s shareholders before entering into the merger agreement with Hertz.  Indeed, at least one analyst has set a price target for Dollar Thrifty of $43.00 per share.  Additionally, on May 3, 2010, Avis Budget Group, Inc. (“Avis”) sent a letter to Dollar Thrifty’s board of directors indicating Dollar Thrifty’s President and CEO, Scott Thompson, cancelled an April 28, 2010 meeting where he was supposed to discuss a possible transaction between Avis and Dollar Thrifty.  In light of the merger agreement with Hertz, Avis has now expressed its desire to make a higher offer for Dollar Thrifty than contemplated by the terms of the merger agreement with Hertz.

If you own the common stock of Dollar Thrifty and purchased your shares before April 26, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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