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Stock Market & Financial Investment News

News Breaks
February 12, 2013
08:13 EDTZIP, CARAvis 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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August 25, 2015
16:26 EDTCARZipcar acquires fleet management firm Local Motion
According to a message posted on the Local Motion website, Avis Budget's Zipcar has acquired the fleet management startup. "Zipcar and Local Motion have a lot in common. We share a commitment to provide an exceptional experience for our users and we see car sharing as the future of mobility," reads the Local Motion website. Terms of the transaction were not disclosed. Reference Link

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