Latest
 
  • All Share : 50899.66
    DOWN -1.13%
    Top40 - (Tradeable) : 44397.13
    DOWN -1.26%
    Financial 15 : 14529.29
    DOWN -1.16%
    Industrial 25 : 67308.62
    DOWN -1.04%
    Resource 10 : 30764.74
    DOWN -1.94%

  • ZAR/USD : 13.4569
    UP 0.01%
    ZAR/GBP : 17.4774
    DOWN -0.05%
    ZAR/EUR : 15.0932
    UP 0.02%
    ZAR/JPY : 0.1337
    UP 0.15%
    ZAR/AUD : 10.3093
    UNCHANGED0.00%

  • Gold US$/oz : 1326.5
    DOWN -0.04%
    Platinum US$/oz : 1024
    UNCHANGED0.00%
    Silver US$/oz : 19.11
    DOWN -0.05%
    Palladium US$/oz : 698
    UNCHANGED0.00%
    Brent Crude : 45.97
    DOWN -0.58%

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

Wed Sep 28 02:03:37 SAST 2016

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.