PARK RIDGE, N.J. -

Late last week, Hertz Global Holdings announced that it extended the expiration date of its previously announced cash tender offer to purchase all outstanding shares of common stock of Dollar Thrifty Automotive Group for $87.50 per share.

Officials indicated the tender offer is now scheduled to expire at 5 p.m. ET on Oct. 22 unless further extended in accordance with the merger agreement and the applicable rules and regulations of the U.S. Securities and Exchange Commission.

The tender offer was previously scheduled to expire at midnight ET last Friday.

Except for the extension of the tender offer expiration date, Hertz said all other terms and conditions of the tender offer remain unchanged. 

The depositary for the tender offer advised Hertz that as of the close of business last Thursday, approximately 6.57 million shares of Dollar Thrifty common stock have been tendered into and not withdrawn from the tender offer, which includes shares subject to guaranteed delivery procedures.

The company stated the tender offer statement and related materials have been filed with the SEC.

Officials added Dollar Thrifty stockholders who need additional copies of the tender offer statement and related materials or who have questions regarding the offer should contact Innisfree M&A, the information agent for the offer at (877) 456-3507.

Hertz first announced its intentions to acquire DTAG in late August, a development Auto Remarketing reported here.