• All Share : 53344.2008
    UP 0.02%
    Top40 - (Tradeable) : 47161.8336
    UNCHANGED0.00%
    Financial 15 : 16911.0896
    DOWN -0.73%
    Industrial 25 : 66349.6236
    UNCHANGED0.00%
    Resource 10 : 45729.948
    UP 0.69%

  • ZAR/USD : 11.6824
    UP 0.19%
    ZAR/GBP : 17.9517
    UP 0.06%
    ZAR/EUR : 13.0534
    UP 0.20%
    ZAR/JPY : 0.0969
    UNCHANGED0.00%
    ZAR/AUD : 9.0744
    DOWN -0.09%

  • Gold US$/oz : 1213.55
    UNCHANGED0.00%
    Platinum US$/oz : 1188.75
    UNCHANGED0.00%
    Silver US$/oz : 16.61
    UNCHANGED0.00%
    Palladium US$/oz : 818
    UNCHANGED0.00%
    Brent Crude : 62.58
    UNCHANGED0.00%

  • All data is delayed by 15 min. Data supplied by Profile Data
    Hover cursor over this ticker to pause.

Mon Mar 02 09:20:11 SAST 2015

Avis Budget to buy Zipcar for $500 mln

Reuters | 02 January, 2013 13:40

Image by: http://www.zipcar.com/

Car rental company Avis Budget Group Inc said it will buy U.S. car-sharing company Zipcar Inc for about $500 million in cash.

The offer of $12.25 per share is at a premium of 49 percent to Zipcar's Monday close.

Avis said it expects to complete the deal in the spring of 2013.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.