|
|---|
|
| Agency: Federal Trade Commission
Date: 5 September 2014 |
FSNA acquired the locations from Hertz Global Holdings, Inc. under a 2012 FTC settlement that required Hertz to sell its Advantage rental car business, also doing business as Simply Wheelz LLC, and other assets to a Commission-approved buyer to resolve charges that its proposed $2.3 billion acquisition of Dollar Thrifty Automotive Group, Inc. would have been anticompetitive. Under the terms of the settlement, if FSNA sells any of the divested assets within three years, Commission approval is required.
The Commission vote approving the final order was 3-0-2, with Commissioners Joshua D. Wright and Terrell McSweeny not participating. (FTC File No. C4376; the staff contact is Daniel P. Ducore, Bureau of Competition, 202-326-2526.)
The FTC’s Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the Commission take law enforcement action. To inform the Bureau about particular business practices, call 202-326-3300, send an e-mail to antitrust@ftc.gov, or write to the Office of Policy and Coordination, Bureau of Competition, Federal Trade Commission, 600 Pennsylvania Ave., Room CC-5422, Washington, DC 20580. To learn more about the Bureau of Competition, read Competition Counts. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.