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Hertz posts quarterly loss after Dollar Thrifty buy
Reuters: Industrials
Mon, 25 Feb 2013
Feb 25 (Reuters) - Car rental company Hertz Global Holdings Inc reported a quarterly loss due to costs associated with its $2.6 billion acquisition of Dollar Thrifty.
Although the two office-supplies companies could realize meaningful cost synergies, the combined firm would still face enormous competitive pressures, says Morningstar's Liang Feng.
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