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Article: Dollar Thrifty Automotive Group Completes Public Offering of Common Stock.
- Article from:
- Journal of Transportation
- Article date:
- November 21, 2009
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Dollar Thrifty Automotive Group, Inc. (NYSE:DTG) announced that it has completed its previously announced public offering of 5,750,000 shares of its common stock at a price to the public of $19.25 per share. In connection with the offering, the Company has also granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock.
The offering resulted in aggregate net proceeds to the Company of approximately $105 million, after deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds from the offering for general corporate purposes.
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