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February 12, 2013
08:13 EDTCAR, ZIPAvis Budget announces U.S. antitrust clearance for Zipcar deal
Avis Budget Group (CAR) and Zipcar (ZIP) announced that the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on February 11, in connection with Avis Budget's previously announced agreement to acquire Zipcar. The closing of the transaction remains subject to other customary conditions, including approval by Zipcar shareholders and review by UK competition authorities. The companies currently expect Avis Budget Group's acquisition of Zipcar to be completed in March or April 2013.
News For CAR;ZIP From The Last 14 Days
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September 29, 2015
15:03 EDTCARAvis Budget CFO says 'aggressive' in repurchasing shares recently
Avis Budget CFO David Wyshner, speaking earlier at the Deutsche Bank Leveraged Finance Conference, said that the company saw strong summer rental volumes in continental Europe that slightly exceeded its projections. In the Americas, the company had positive volume growth in the summer that was consistent with first half trends and with a modestly growing economy, Wyshner added, according to a transcript. Wyshner said the car rental industry has seen "real progress" in terms of the being right fleeted in the U.S. for the first time in almost a year and the used car market has been "healthy." Pricing for the Avis and Budget brands in the U.S. was up a fraction of a point during the summer, consistent with what the company said previously about July, the CFO noted. Wyshner also said Avis Budget been "aggressive" in repurchasing shares recently, stating that its Q3 share repurchases will total more than $150M.
September 28, 2015
10:04 EDTCARZipcar to launch at 100 colleges and universities in 2015
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09:05 EDTCARAvis named exclusive rental partner of Wyndham Rewards
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September 24, 2015
14:06 EDTCARAvis Budget expands consumer car sales program to North and South Carolina
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