• All data is delayed by 15 min. Data supplied by I-Net Bridge
    Hover cursor over this ticker to pause.

Tue Jul 22 15:27:56 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.
Tue Jul 22 15:27:56 SAST 2014 ::