Auto Rental Companies - AVI, BD, HRZ, DTG, AN Message Board

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Non-Tech : Auto Rental Companies - AVI, BD, HRZ, DTG, AN

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To: Grommit who wrote ()	4/5/1999 6:20:00 PM
From: Sober	Read Replies (1) of 218

Over on the Yahoo board, which does not work very well right now, there seemed to be a contest to see who was planning to buy out Budget. Last I heard, the best guess was Penske/Hertz. Is this for real, or are we just assuming that there will be a buyout because the bookvalue is $18 and the stock is selling for $11. Can anyone substantiate the rumors? If so, what would you expect the buyout price to be. How would a buyout price be calculated? I have heard/read estimates of between $18(book value) and $24. Any insight will be appreciated. It would be a shame to sell this stock just before a buyout. Barry

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