Dollar Thrifty completes public stock offering

By Staff and Wire Reports - 11/4/2009


Dollar Thrifty Automotive Group Inc. has completed its public offering of 5.75 million shares of common stock at a price of $19.25 per share, company executives said Tuesday.

The public offering resulted in net proceeds to the Tulsa-based company of about $105 million following the deduction of underwriting discounts and commissions and estimated offering expenses. The company intends to use the net proceeds from the offering for general corporate purposes.

Dollar Thrifty also has granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock.




Email to a Friend
Main Menu