Travel & Entertainment M&A » By The Online Investor Staff, updated Thu., Apr. 18, 6:07 PM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #61. Avis Budget Group, Inc. — Zipcar, Inc.
Acquirer:
Avis Budget Group, Inc. (NASDAQ:CAR)
Acquiree:
Zipcar, Inc.
Details:
Avis Budget Group, Inc. (Nasdaq:CAR) announced today that it has completed its previously announced acquisition of Zipcar, Inc., the world's leading car sharing network.
Avis Budget Group is a provider of mobility solutions through its three brands, Avis, Budget and Zipcar, together with several other brands. Co.'s segments are: Americas, which provides and licenses its 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 its brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia and Australasia, and operates its car sharing business in certain of these markets.
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Avg. Broker Rec.
 
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Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CAR Stock Forecast Based on Zacks ABR data; powered by Xignite |
