Avis buying Zipcar for $500 million

Avis Budget Group To Acquire Zipcar For $12.25 Per Share In Cash Combined company will be the global leader in car sharing and mobility solutions. Combination expected to produce $50-70 million in annual synergies. Transaction targeted to close in spring 2013. Avis Budget re-affirms its prior estimates of full-year 2012 results. Jan 2, 2013 PARSIPPANY, N.J. and CAMBRIDGE, Mass., Jan. 2, 2013 /PRNewswire/ -- Avis Budget Group, Inc. (NASDAQ: CAR) and Zipcar, Inc. (NASDAQ: ZIP), the world's leading car sharing network, 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. The transaction is subject to approval by Zipcar shareholders and other customary closing conditions, and is expected to be completed in...

Full article: http://green.autoblog.com/2013/01/02/avis-buying-zipcar-f...

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@epertell » 03 Jan '13, 10am
"Avis buying Zipcar for $500 million [UPDATE]"- [link] @dpertell
@cleantechdeals » 03 Jan '13, 12am
Report: Avis buying Zipcar for $500 million *UPDATE: (Source: AutoblogGreen) Filed under: Transportation Alterna... [link]
@MauiEVA » 02 Jan '13, 6pm
“@SmartVehicle: Report: Avis buying Zipcar for $500 million [link]” will this extend the EV experience to more drivers?
@AutobahnRaleigh » 02 Jan '13, 5pm
Avis is paying $12.25 per share. Zipcar's stock closed at $8.24 on the last day of trading in 2012. [link]
@lenmezei » 02 Jan '13, 5pm
Check This Out Avis buying Zipcar for $500 million *UPDATE [link]
@FrikkinWeird » 02 Jan '13, 5pm
Zipcar Hits the Jackpot: Zipcar Hits the JackpotGetty ImagesThe 'granddaddy of carsharing programs' has formed p... [link]
@formtrends » 02 Jan '13, 5pm
Car rental company AVIS buys Zipcar for $500m [link]
@GoGogreenliving » 02 Jan '13, 4pm
New post: Report: Avis buying Zipcar for $500 million [link]
@TRAV2017 » 02 Jan '13, 4pm
Did U know: Zipcar Hits the Jackpot #OMG #funny #odd [link]
@CarShowroomNews » 02 Jan '13, 4pm
Avis buying Zipcar for $500 million - Filed under: Transportation Alternatives Zipcar has long been the granddaddy ... [link]
@TommyFadoul » 02 Jan '13, 3pm
avis and zip: [link]
@PlymouthAT » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million: Filed under: Transportation AlternativesZipcar has long been the ... [link] #news #rt
@DealerContent » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million: Filed under: Transportation AlternativesZipcar has long been t... [link] via Autoblog
@gohewitt » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million [link] via @therealautoblog
@autosfan » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million [link] #autonews
@monkeyrss » 02 Jan '13, 3pm
[AutoBlog] Avis buying Zipcar for $500 million: Filed under: Transportation AlternativesZipcar has long been the... [link]
@avtojurnal » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million [link] #cars
@FloorMatGuys » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million [link] # auto #news
@lumdy21 » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million: Filed under: Transportation AlternativesZipcar has long be... [link] Lumdy Automobs®
@analyzerxl » 02 Jan '13, 3pm
|[link]| Avis buying Zipcar for $500 million: Filed under: Transportation Alternati... [link] #teamfollowback
@MAAcomo » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million: Filed under: Transportation AlternativesZipcar has long been the granddaddy... [link]
@carstufffeed » 02 Jan '13, 3pm
Report: Avis buying Zipcar for $500 million: Filed under: Transportation AlternativesZipcar has l... [link] #AutoblogGreen
@jameshiga » 02 Jan '13, 3pm
Report: Avis buying Zipcar for $500 million [link]
@Autoblog_RSS » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million [link]
@TradeInMart » 02 Jan '13, 3pm
Avis buying Zipcar for $500 million [link]
@otogeek » 02 Jan '13, 3pm
[link] Report: Avis buying Zipcar for $500 million: Filed under: Transportation AlternativesZipcar ... [link]
@jaffarwahdat » 02 Jan '13, 3pm
Report: Avis buying Zipcar for $500 million [link]
@mygreenlimo » 02 Jan '13, 3pm
Report: Avis buying Zipcar for $500 million [link]