DTE Energy Company (DTG) News

DTGF: Merged with Hertz Global Holdings, Inc.; $87.50 per share.

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/27/2012&mkt_ctg=NON-OTCBB

DTG delisted from NYSE to OTC. New ticker DTGF effective today.

http://www.otcbb.com/asp/dailylist_detail.asp?d=11/19/2012&mkt_ctg=NON-OTCBB

Congrats DTG and Hertz holders.. Merger central. Cheers

http://custom.fmg.dowjones.com/custom/tdameritrade-com/html-story.asp?guid={1cd48b2f-0004-478c-94a8-7203a0766e18}

Dollar Thrifty Automotive Group Reports Record Fourth Quarter and Full Year Profit

http://ih.advfn.com/p.php?pid=nmona&article=51279649&symbol=DTG

~ Tuesday! $DTG ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $DTG ~ Earnings expected on Tuesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=DTG&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=DTG&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=DTG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=DTG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=DTG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=DTG
Finviz: http://finviz.com/quote.ashx?t=DTG
~ BusyStock: http://busystock.com/i.php?s=DTG&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=DTG >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

Stock should be at $20! lol oh well was still a novel attempt at a big win on the put play

Hertz Withdraws its Exchange Offer to Acquire Dollar Thrifty

Remains Interested in Acquiring Dollar Thrifty and Focused on Obtaining Antitrust Clearance

Oct 27, 2011 6:00:00 AM

PARK RIDGE, N.J., Oct. 27, 2011 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) ("Hertz") today announced that it is withdrawing its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) ("Dollar Thrifty"). Hertz decided to withdraw its exchange offer at this time in light of Dollar Thrifty's plan to commence its announced share repurchase program and current market conditions.

Hertz continues to believe that a merger with Dollar Thrifty is in the best interests of both companies. Hertz remains engaged with the FTC to secure antitrust clearance for the proposed transaction.

Once antitrust clearance has been obtained, Hertz will reassess the appropriate price and other terms of the proposed transaction based on Dollar Thrifty's share repurchase program, Dollar Thrifty's performance, Dollar Thrifty's outlook and prevailing market conditions at that time.

They also released more buyback info, it's not exactly clear that HTZ is out, it just says HTZ did not send them another offer...

I want to see a HTZ response...

Sweeet! whats it at premarket? cant get my etrade pro to load

Dollar Thrifty Automotive Fails to Elicit a ‘Final’ Hertz Bid at Deadline

By Mark Clothier - Oct 10, 2011 5:00 PM ET .

Dollar Thrifty Automotive Group Inc. (DTG), the target of 18 months of bidding, failed to flush out a “best and final” offer from Hertz Global Holdings Inc. (HTZ) by today’s deadline.

Hertz, the second-largest U.S. car-rental company, is Dollar Thrifty’s lone suitor after Avis Budget Group Inc. (CAR) dropped its pursuit Sept. 14. Dollar Thrifty told Hertz and Avis in letters dated Sept. 6 it wanted final bids submitted by 5 p.m. New York time today.

Hertz has been seeking U.S. Federal Trade Commission approval to buy Dollar Thrifty, the fourth-largest U.S. rental- car chain. Hertz is trying to divest its Advantage brand to help smooth that approval.

“When Avis dropped out, Dollar Thrifty lost control of the process,” Fred Lowrance, a Nashville, Tennessee-based analyst at Avondale Partners LLC, said in a phone interview. “Now they’re just waiting on Hertz.”

Hertz wants to buy Dollar Thrifty to keep its position behind Enterprise Holdings Inc. The nation’s four biggest car- rental chains generate 83 percent of U.S. car-rental sales, according to a September report from IBISWorld, the Santa Monica, California-based industry researcher.

Closely held Enterprise had a 40 percent share, followed by Hertz with 20 percent and Avis with 17 percent. Dollar Thrifty accounted for 5.7 percent of the industry’s sales, IBISWorld said.

Dollar Thrifty shareholders rejected Hertz’s offer in September 2010. Hertz, after calling that bid “final,” renewed its pursuit in May with an offer valued at $1.92 billion. Dollar Thrifty recommended on June 6 that investors not accept Hertz’s bid because it undervalues the company.

“Hertz remains interested in acquiring Dollar Thrifty and continues to pursue an FTC consent decree,” Rich Broome, a spokesman, said in an e-mail.

Shares of Dollar Thrifty rose 1.2 percent to $60.40 at the close in New York. Hertz gained 4.6 percent to $10.08 while Avis shares increased 5.6 percent to $11.22.

still have a couple NOV 40's

DTG not acting so hot today, probably should have held some of those puts...

Yep!

still made some money overall since we got in before the options premiums shot up

Sold the last of my puts here this morning, I really screwed up this trade...

Uneventful morning here, wanted news but they are being stubborn...very small put position now.

yeah looks like they sold on the bid

Looks like they are selling the $62.50 calls too, maybe a hedge, since clearly some is buying the stock...

14:28:24 65 1.45 + PAC au
14:28:12 10 1.45 + PAC au
14:28:12 25 1.45 + PAC au
14:27:09 25 1.45 + PAC au
14:22:45 5 1.45 + PAC au
14:22:42 10 1.45 + PAC au
14:22:39 10 1.45 + PAC au
14:19:48 20 1.25 + CBOE
14:19:48 20 1.25 + AMEX au
14:19:48 10 1.25 + BOST au
14:19:48 20 1.25 + INTERNAT au
14:19:48 2 1.25 + PAC au
14:19:48 10 1.25 + PAC au
14:19:48 8 1.25 + PAC au
13:57:54 1 0.85 - PHIL bb
10:17:15 50 1.45 - PAC au
10:14:45 44 1.45 - PAC au
10:14:42 10 1.45 - PAC au
10:14:36 10 1.45 - CBOE bb
10:14:36 15 1.45 - BOST bb
10:14:36 20 1.45 - PHIL bb
10:14:36 9 1.45 - AMEX bb
10:14:36 20 1.45 - AMEX bb
10:14:36 10 1.45 - AMEX bb
10:14:36 7 1.45 - AMEX bb
10:14:36 5 1.45 - PAC au
10:14:15 5 1.55 + PAC au
10:13:48 15 1.55 + PAC au
10:13:42 20 1.55 + PAC au
10:12:21 10 1.55 + PAC au
10:12:00 25 1.45 + PAC bb
10:07:48 25 1.45 + PAC au
10:00:24 7 1.45 + PAC au
10:00:03 8 1.45 + PAC au
10:00:00 10 1.45 + PAC au
09:59:51 25 1.45 + PAC au
09:45:36 25 1.45 + PAC st (SF)
09:45:36 25 1.45 + PAC st (SF)
09:44:48 450 1.45 PAC st (S)

A big block went through at 2:20 for 2000 shares, i think that is a sell? since it went at $2...

14:45:36 3 2.80 + CBOE
14:44:06 1 2.70 - BATS au
14:43:51 10 2.70 - BATS au
14:41:18 13 3.00 + BOST bb
14:41:18 5 3.00 + PAC sp
14:41:15 5 2.96 + INTERNAT sl
14:41:15 5 2.90 - PAC au
14:38:24 1 3.00 + BATS au
14:36:24 21 2.95 + CBOE bb
14:36:24 10 2.95 + PAC au
14:36:24 5 2.95 + PAC au
14:36:24 4 2.95 + AMEX au
14:36:24 4 2.95 + AMEX au
14:36:24 11 2.95 + AMEX au
14:36:24 11 2.95 + PHIL bb
14:36:24 11 2.95 + INTERNAT bb
14:20:51 2000 2.00 + PHIL
12:48:18 10 1.55 + AMEX au
12:48:18 10 1.55 + INTERNAT au
12:48:18 10 1.55 + PHIL au
12:26:18 1 1.30 - PAC au
10:49:48 1 2.45 PHIL au

Volume in the OCT calls hmmm

Hopefully DTG sticks to their diehard $70 target, HTZ should back out and try next year imo...

I think if HTZ management is worth their salt they will cancel this deal for now. When the EU economy rises from the ashes they can go forward, not now though.

With this down move today, it might be a tell...

or at least I'm hoping it's a tell...

very odd to see HTZ still green and DTG so red, CAR maybe happy no deal possibly, I'm stretching now lol!

Yeah as long as we get some news I'm fine with it...just hate waiting forever for the decision

Geuss I'm rolling the dice for monday, might be nothing, might be something...

All I know is that HTZ would probably be heading down if they were going thru with the merger for sure...

got some NOV 40 puts, Oct 10 is coming...

oopsie daisy! we lost 58!

heee heeee...tell me about it...my options account went from fat on Tuesday afternoon to weight watchers today

Somehow I'm still holding plenty of Oct $49's had t sell my Jan's yesterday to make sure I didn't go broke lol!

if we break $58 on volume look out below

Wow look at that quick drop, this rally is soo bogus...

trying to add to my JAN 40 puts at 1.60

$60 looks like a resistance...

CAR outperforming HTZ, DTG majorly today

Ok so a decent chunk then...maybe just enough to give the bankers behind this deal pause...

25% of HTZ's rev come from outside the US...

HTZ gets alot of their revenues from europe too right? I think the EU economy is crumbling more every day...bet they are feeling the pressure!

Hertz’s ‘Winning’ Bid for Dollar Thrifty Is Avis’ Gain

Avis’ decision to withdraw leaves it better able to compete globally

Oct 6, 2011, 6:45 am EDT | By Will Ashworth

The gripping 17-month bidding war between Avis (NASDAQ:CAR) and Hertz (NYSE:HTZ) to buy Dollar Thrifty (NYSE:DTG) came to a crashing halt in September when Avis withdrew its takeover offer, paving the way for Hertz to seal the deal. My suggestion for Hertz investors is to sell your stock and drive on over to Avis. Self-restraint is a good thing.

Stock Price

Since the Sept. 14 withdrawal by Avis, Hertz has seen its stock drop by 24%, to $8.63, as of Oct. 4. This puts a value of $65 on its cash-and-stock offer for Dollar Thrifty, which is a 21% premium to its current price. Dollar Thrifty is more profitable than Hertz. Its acquisition would ensure Hertz remains the second-largest car rental company in the U.S., behind Enterprise.

Hertz needs Dollar Thrifty more than Dollar Thrifty needs Hertz, so the deal price is likely to go over $70 a share by the time it’s put to bed, costing upward of $300 million extra. Avis was smart to have withdrawn its offer, and although it has lost 24% since dropping the takeover, once the dust settles, Avis investors will thank their lucky stars it didn’t win the battle for Dollar Thrifty.

Deal Dynamics

In an email defending a higher takeover price for his company’s stock, Dollar Thrifty CEO Scott Thompson recently suggested that one of the many things that make his company an ideal acquisition is its cash-rich balance sheet. As of Oct. 4, Dollar Thrifty trades at 3.4 times cash, compared to 4.8 times for Hertz and 1.6 times for Avis. At least in terms of cash, Avis appears to be the cheapest of the three stocks. Another quality Thompson trots out in defense of Dollar Thrifty’s stock is its significant operating cash flow.

Let’s see how the three compare.

Dollar Thrifty’s operating cash flow in the trailing 12 months is 36.6% of its revenue, while Hertz’s is 23.9% and Avis’ is 31.2%. I use revenue instead of income because Hertz profits are hard to find. Dollar Thrifty definitely would boost Hertz’s profitability, but at a price. Let’s say Hertz ends up paying $75 a share for Dollar Thrifty. The cash portion of the deal, assuming the stock portion remains the same, comes to a bit less than $2 billion, with most of the cost covered by issuing new debt. Total debt would jump 17%, to $13.7 billion. Its debt-to-equity ratio would climb to almost 600% and its annual interest expense would rise by approximately $132 million, to $900 million.

At a time when everyone is preaching debt reduction, this seems to be nothing more than empire building.

Why Avis?

Avis is no peach, either. Its debt sits at $10.1 billion as of June 30, which includes additional amounts used to acquire Avis Europe for $1.8 billion. The deal makes strategic sense because it brings the Avis and Budget brands together under one roof globally. In addition, based on the latest six months ended June 30, the acquisition boosts revenues by 35% and pretax income by 17%. Enterprise, which also owns Alamo and National, has 40% of the U.S. market.

No one is going to knock Enterprise off its perch, so the battle for Dollar Thrifty became a fight for the No. 2 spot. I’m guessing that when it became clear to Avis management that it was going to take more than $70 per share to secure Dollar Thrifty, it started looking at the Europe acquisition as a cheaper and quite possibly better alternative. It’s now operating in 150 countries, including Germany, France, Britain and Spain, with yearly revenues of $7 billion. Europe won’t always be in an economic funk.

Bottom Line

After the Avis Europe deal, Avis has approximately $2.62 in cash. If you back that out of its Oct. 4 stock price of $9.49, it’s trading at 3.9 times its 2012 earnings per share estimate of $1.76. Meanwhile, if you do the same for Hertz, its multiple is 5.3 times its 2012 EPS estimate of $1.33, and that’s before the Dollar Thrifty acquisition. Avis might have surrendered the battle, but I think it won the war.

Looking to get some NOV puts today...I predict...PAIN!

Oh yeah thats right...Monday is kind of the deadline. I may get some Oct puts later this week and sell my golden Januaries

As usual the few up days here see little volume...

Still have a big position, might be tough to hold into Monday, the day DTG asked for all final offers...

The wait continues... a fraction of my original position now remains. Still holding JAN 40 puts, only 2 contracts. Nice profit so far, but I want to keep some skin in the game for a big drop!

$50 break would be nice! Down almost 6% already!

Knew that dumbass pump article yesterday was BS!

Funds picking up the pace on their selling...

or today! sell sell sell

Institutions saying to themselves how are we gonna get out of this mess...

Maybe under $50 tomorrow...

Still lagging peers badly...firmly in the red while CAR, HTZ touch green. Can you say "pricing in merger cancellation"?

uh oh, DTG performing WORSE than CAR and HTZ today...was not the case in yesterdays selloff....hmmm

:)

Breaking down! On thin volume too! Imagine when the dumping starts...

Might need a little pop to entice them to dump...