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Article: Dollar Thrifty Automotive Sells 5.75 Million Common Shares.
- Article from:
- Investrend
- Article date:
- November 4, 2009
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Nov 04, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/11/04/dollar-thrifty-automotive-sells-575-million-common-shares/)
November 4, 2009 (FinancialWire) -- Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) has completed a public offering of 5.75 million shares of its common stock at $19.25 per share. Goldman, Sachs & Co. (NYSE: GS) and J.P. Morgan Securities (NYSE: JPM) acted as joint bookrunning managers.
The company has granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock.
Dollar Thrifty saw net proceeds of around $105 million, which it plans ...