April 5 U.S. antitrust regulators are looking
into the consent decree that allows Macquarie Group Ltd's
private equity business to buy the Advantage rental car
brand from Hertz Global Holdings Inc, a source familiar
with the matter told Reuters.
At the time of approving Hertz's $2.56 billion bid for
Dollar Thrifty Automotive, the Federal Trade Commission
-concerned about the number of major rental car chains shrinking
to three from four - demanded that Hertz sell locations,
recreating a fourth competitor after Dollar Thrifty was
On Nov. 15, Hertz sold its Advantage brand, which competes
with Dollar Thrifty in the low-cost segment of the market, to
Franchise Services of North America and Macquarie
FTC could not be immediately reached for comment by Reuters
outside regular business hours. Macquarie declined to comment.
Privately held Enterprise Holdings is the biggest player in
the industry, followed by Hertz's and Avis Budget Group Inc
Hertz on Tuesday forecast strong earnings and revenue
through 2015 due to increasing global demand for car rentals and
benefits from its acquisition of Dollar Thrifty.
Bloomberg earlier on Friday reported that the FTC was
investigating whether Macquarie's private-equity arm violated a