The Online Investor
Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Thu., Jan. 23, 7:16 PM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #18. Avis Budget Group, Inc. Edmonton Budget Licensee

Acquirer: Avis Budget Group, Inc. (NASDAQ:CAR)
Acquiree: Edmonton Budget Licensee
Details: Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has agreed to acquire its existing Budget Car & Truck Rental licensee in Edmonton, Alberta, Canada, comprising 26 rental locations in seven cities in total. This investment of approximately $30 million, plus the cost of acquired fleet, will enable the Company to expand its footprint of Company-operated locations while offering Budget customers a consistently outstanding rental experience and capturing a larger share of Canada's domestic, international-inbound and truck rental spend.

Avis Budget Group is a provider of mobility solutions through its three brands, Avis, Budget and Zipcar, together with several other brands. Co. has two segments: Americas, which provides and licenses Co.'s brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets; and International, which provides and licenses Co.'s brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia and Australasia, and operates Co.'s car sharing business in certain of these markets.

CAR SEC Filing Email Alerts Service

Open the CAR Page at The Online Investor »

Company Name: 
Avis Budget Group Inc
Stock buyback: 
CAR buyback
Business Services & Equipment
Number of ETFs Holding CAR: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

Open the CAR Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Buy (2.80 out of 4)
28th percentile
(ranked lower than approx. 72% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Travel & Entertainment M&A - Slide 18 of 87 Page |

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.