STEVE INSKEEP, host: NPR's business news starts with a car rental deal.</s>STEVE INSKEEP, host: One of the biggest car rental companies in the world is buying a competitor. Hertz, please make sure that the guy in the booth sees your receipt on the way out. Hertz is paying $1.2 billion not to rent but to buy Dollar Thrifty. The boards of the two companies reached agreement last night.</s>STEVE INSKEEP, host: It comes as the global economy is recovering, along with travel. The car rental business was hit badly by the credit crunch and the decrease in travel budgets. Hertz's purchase will give it more branches around the world, including branches geared toward weekend and leisure travelers.
One of the biggest car rental companies in the world is buying a competitor. Hertz is paying $1.2 billion for Dollar Thrifty Automotive Group. The deal was announced Monday after the boards of the two companies reached agreement.