TULSA, Okla. -

Less than a month after Hertz Global Holdings rolled out a bid to buy up all of Dollar Thrifty Automotive Group’s outstanding stock, DTAG is advising its shareholders to hold off on selling for the time being.

Dollar Thrifty announced Monday that its board of directors has unanimously recommended DTAG shareholders not to tender their shares with regards to the Hertz offer.

Hertz made an offer on May 9 to purchase all outstanding DTAG common stock shares for $72 per share.

Comprising the $72 is $57.60 cash and 0.8546 Hertz common stock shares.

Dollar Thrifty has said it is cooperating with both Hertz and Avis Budget Group in each company’s respective efforts to gain antitrust clearance from the Federal Trade Commission to acquire DTAG.

Avis and Hertz have been involved in a back-and-forth saga to acquire DTAG for months.

“Given the uncertainty surrounding the length and outcome of the regulatory process as Hertz and Avis Budget work towards antitrust clearance, the board is recommending that Dollar Thrifty shareholders take no action with respect to the Hertz exchange offer at this time,” said DTAG president and chief executive officer Scott Thompson.

“We will be monitoring the antitrust regulatory process and other circumstances carefully, and our Board will reconsider its recommendation if the situation warrants,” Thompson added.