The Online Investor
Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Dec. 7, 5:43 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


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Company Name: 
Avis Budget Group Inc
Stock buyback: 
CAR buyback
Website: 
www.avisbudgetgroup.com
Sector: 
Business Services & Equipment
Number of ETFs Holding CAR: 
41
Total Market Value Held by ETFs: 
$302.25M
Total Market Capitalization: 
$2.20B
% of Market Cap. Held by ETFs: 
13.71%
 

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