In the latest development in negotiations that have lasted more than a year, Hertz Global Holdings announced Monday that it has extended the expiration date of its exchange offer for all outstanding shares of Dollar Thrifty Automotive Group.

Officials reiterated the offer is for $57.60 in cash and 0.8546 shares of Hertz common stock. They indicated the exchange offer and withdrawal rights are now scheduled to expire at midnight ET on Aug. 5 unless extended further.

The company pointed out the exchange offer was previously scheduled to expire at midnight ET last Friday.

“Except for the extension of the exchange offer expiration date, all other terms and conditions of the exchange offer remain unchanged,” Hertz stated.

“As of the close of business on July 8, approximately 1,011,661 shares of Dollar Thrifty common stock had been tendered into and not withdrawn from the exchange offer,” the company added.

Officials emphasized stockholder questions regarding the exchange offer or requests for exchange offer documents can be directed to Hertz’s information agent for the exchange offer, Innisfree M&A at (877) 456-3507.

Stockholder questions regarding the exchange offer may also be directed to Hertz’s dealer manager for the exchange offer, Barclays Capital, at (888) 610-5877.

Barclays Capital, Lazard, Bank of America Merrill Lynch and Deutsche Bank Securities are acting as financial advisors to Hertz. Barclays Capital is acting as the dealer manager for the exchange offer.

Cravath, Swaine & Moore LLP, Debevoise & Plimpton LLP and Jones Day are acting as legal advisors to Hertz. William Blair & Company is acting as a financial advisor to Hertz in connection with the sale of its Advantage brand.