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Stock Market & Financial Investment News

News Breaks
March 8, 2013
16:26 EDTZIP, CARAvis Budget acquisition of Zipcar receives U.K. antitrust clearance
Avis Budget Group (CAR) and Zipcar (ZIP) announced that the United Kingdom Office of Fair Trading has determined that Avis Budget's planned acquisition of Zipcar does not qualify for investigation under U.K. antitrust law. The transaction has now received regulatory clearance in both the United States and the United Kingdom. The companies currently anticipate that the transaction will be completed during the week of March 11, subject to customary closing conditions.
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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