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Avis Buying Zipcar for $500M

Car-sharing company's stock has been rising

By Evann Gastaldo,  Newser Staff

Posted Jan 2, 2013 7:16 AM CST

(Newser) – Car renting meets car sharing? Avis Budget Group has agreed to buy Zipcar for around $500 million, the Wall Street Journal reports. Avis will pay $12.25 per share, a 49% premium over Zipcar's closing price Monday. Zipcar's stock has risen in recent...   Read full story »

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mergers and acquisitions • merger • acquisition • Zipcar • rental car • car sharing • mergers • car rental • Avis

 
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