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In November 2012, Hertz Global Holdings Chairman and CEO Mark P. Frissora announced the company's purchase of Dollar Thrifty Automotive Group, a U.S.-based car rental brand with headquarters in Tulsa, Oklahoma, for US$2.3 billion. [31] [32] The business transaction included Hertz paying $87.50 per share of the Dollar Thrifty stock. [28]
Hertz stock recovered in midday trade following an early slide as the company reported a wider-than-expected fourth quarter loss due to its exposure to EVs, in particular its large Tesla fleet.
In 1857, Anaheim was founded by 50 German-Americans (with lineage extending back to Franconia) in search of a suitable grape-growing region. [26] This group purchased a 1,165 acres (4.71 km 2 ) parcel from Juan Pacifico Ontiveros's Rancho San Juan Cajon de Santa Ana for $2 per acre and later formed the Anaheim Vineyard Company .