Avis Budget Rental-Car Group to Buy Zipcar Car-Share Business

Here’s another stock you’ll probably wish you’d bought in 2012. Zipcar, the car-sharing network, has been bought by Avis Budget Group, the car-rental firm. This is where we missed out: Avis Budget paid $12.25 cash per share for Zipcar, up some 49 percent from its closing price last year. The deal works out to Avis Budget [...]

Source: http://feedproxy.google.com/~r/caranddriver/blog/~3/hJJKNUZK-Yw/

Ivor Bueb Sebastien Buemi Luiz Bueno