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Stock Market & Financial Investment News

News Breaks
January 2, 2013
06:03 EDTCAR, ZIPAvis Budget to acquire Zipcar for $12.25 per share in cash
Avis Budget (CAR) and Zipcar (ZIP) announced that Avid Budget has agreed to acquire Zipcar for $12.25 per share in cash, a 49% premium over the closing price on December 31, 2012, representing a total transaction value of approximately $500M. The transaction is subject to approval by Zipcar shareholders and other customary closing conditions, and is expected to be completed in the spring of 2013. The boards of Directors of both companies unanimously approved the transaction, and Zipcar shareholders representing approximately 32% of the outstanding common stock have agreed to vote their shares in support of the transaction. Avis Budget expects to generate $50M-$70M in annual synergies as a result of the transaction. In particular, Avis Budget expects significant cost reductions across the fleet life cycle, in addition to savings from eliminating Zipcar's public-company costs.
News For CAR;ZIP From The Last 14 Days
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October 30, 2014
09:31 EDTCARZipcar debuts in Madrid
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October 29, 2014
16:41 EDTCARAvis Budget sees FY14 EPS $2.82-$3.00, consensus $2.86
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16:39 EDTCARAvis Budget reports Q3 EPS $1.91, consensus $1.80
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15:53 EDTCARNotable companies reporting after market close
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October 28, 2014
13:55 EDTCARThree car rental companies engage in 'constructive dialogue' with EC
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09:31 EDTCARAvis Budget signs exclusive partnership with 3RD HOME
Avis Car Rental announced that it has established a new exclusive partnership with 3RD HOME. As part of the new multi-year agreement, Avis will become the exclusive car rental supplier for 3RD HOME, with 3RD HOME club members now eligible to receive exclusive discounts and privileges for Avis rentals at participating locations. At the same time, Avis will introduce its members to 3RD HOME's services through its website and select marketing communications.
08:52 EDTCARAvis Budget risk/reward favorable into Q3 results, says MKM Partners
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October 24, 2014
08:40 EDTCARAvis Budget to acquire Budget licensee for southern CA, Las Vegas for $210M
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October 22, 2014
09:38 EDTCARActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL PBR AMZN C TWTR YHOO BAC GILD FB THRX DOW CAR
08:38 EDTCARAvis Budget price target lowreed to $56 from $62 at Barclays
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