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Stock Market & Financial Investment News

News Breaks
February 28, 2014
11:01 EDTCARAvis Budget to operate Budget Car Rental brand in Portugal directly
Avis Budget Group announced that it will operate the Budget Car Rental brand in Portugal directly, effective immediately. Prior to this announcement, Avis Budget Group's corporate-operated locations in Portugal had been limited to the Avis Car Rental brand, while the Budget brand had been operated by a licensee.
News For CAR From The Last 14 Days
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March 5, 2015
07:23 EDTCARJPMorgan to hold a forum
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March 2, 2015
07:15 EDTCARAvis Budget agrees to acquire Maggiore Group for $170M
Avis Budget announced that it has agreed to acquire Maggiore Group, Italy's fourth-largest vehicle rental business. The net purchase price will be approximately $170M, and the transaction is scheduled to close in Q2, subject to customary closing conditions. The acquisition is expected to add approximately $160M of annual revenue and $30M of Adjusted EBITDA to Avis Budget Group, once the two businesses have been fully integrated. Avis Budget expects to fund the acquisition with available cash and/or incremental corporate debt borrowings.
February 26, 2015
12:50 EDTCARAvis Budget management to meet with MKM Partners
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February 24, 2015
07:30 EDTCARJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link

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