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Travel & Entertainment M&A image Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 17, 11:22 AM Recent mergers and acquisitions in the Travel & Entertainment M&A category.

Slide #49. Avis Budget Group, Inc. Payless Car Rental

Acquirer: Avis Budget Group, Inc. (NASDAQ:CAR)
Acquiree: Payless Car Rental
Details: Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has acquired Payless Car Rental, the sixth largest car rental company in North America, for approximately $50 million in cash. The addition of the Payless brand will give Avis Budget Group a strong position in the fast-growing deep-value segment of the car rental industry.

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
Website: 
www.avisbudgetgroup.com
Sector: 
Business Services & Equipment
Number of ETFs Holding CAR: 
52
Total Market Value Held by ETFs: 
$298.99M
Total Market Capitalization: 
$2.07B
% of Market Cap. Held by ETFs: 
14.46%
 

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Buy (3.00 out of 4)
41st percentile
(ranked lower than approx. 59% of all stocks covered)
Based on Zacks ABR data;
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