Months after its spinoff from Hertz Global Holdings Inc., Advantage Rent a Car is asking federal regulators to approve its sale to a new owner, the Wall Street Journal reported today. The Federal Trade Commission yesterday began seeking public comment on Catalyst Capital Group Inc.’s bid to acquire Advantage, the fourth-largest independent U.S. car-rental chain, out of chapter 11. A bankruptcy judge approved the deal last week, although a rival bidder is appealing, and the FTC must still give its blessing.
