Tulsa based Dollar-Thrifty accepts a new bid from Hertz to sell the company.
The Associated Press is reporting that Dollar Thrifty pushed back a shareholders meeting meant to vote on the proposal set for Thursday to September 30th.
Late Sunday night, Hertz raised it's $1.2 billion bid to $1.43 billion dollars.
Tulsa business leaders are concerned that Hertz will shut down the headquarters in Tulsa resulting in job losses for the city.
Around 700 people work at Dollar-Thrifty's Tulsa headquarters. Hertz has a major operation center in Oklahoma City which employees nearly 1,500 people. The fear is Tulsa operations will be consolidated at the OKC Hertz facility and at Hertz headquarters in New Jersey.
Last week, they publicly asked Dollar Thrifty to turn down the offer from Hertz.
Avis Budget Group has also made a bid for Dollar-Thrifty.
Avis already has major operations in Tulsa, employing around 700 people. It is also headquartered in New Jersey.
Analysts are now waiting to see if Avis will make a new, larger bid.
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