The public offering resulted in net proceeds to the Tulsa-based company of about $105 million following the deduction of underwriting discounts and commissions and estimated offering expenses. The company intends to use the net proceeds from the offering for general corporate purposes.
Dollar Thrifty also has granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock.
Originally published by Staff and Wire Reports.
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