Latest
 
  • All Share : 51462.42
    DOWN -0.16%
    Top 40 : 4244.84
    DOWN -0.04%
    Financial 15 : 14985.17
    DOWN -0.26%
    Industrial 25 : 60951.84
    DOWN -0.11%

  • ZAR/USD : 11.0719
    DOWN -0.01%
    ZAR/GBP : 18.0651
    DOWN -0.70%
    ZAR/EUR : 14.2233
    DOWN -0.55%
    ZAR/JPY : 0.1017
    DOWN -0.09%
    ZAR/AUD : 9.8939
    DOWN -0.52%

  • Gold : 1219.2600
    DOWN -0.53%
    Platinum : 1339.5000
    DOWN -0.33%
    Silver : 18.0465
    DOWN -2.59%
    Palladium : 813.0000
    DOWN -1.33%
    Brent Crude Oil : 97.850
    UP 0.15%

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

Fri Sep 19 17:52:08 SAST 2014

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.
Fri Sep 19 17:52:08 SAST 2014 ::