Avis to Acquire Zipcar for $12.25/Share in Cash
January 02, 2013 at 06:19 AM EST
Avis Budget Group (NASDAQ: CAR ) and Zipcar. (NASDAQ: ZIP ) today announced that Avis Budget Group 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 $500 million.
