Travel & Entertainment M&A » By The Online Investor Staff, updated Sat., Aug. 17, 11:25 AM
Recent mergers and acquisitions in the Travel & Entertainment M&A category.
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Slide #84. Avis Budget Group, Inc. — Apex Car Rentals
Acquirer:
Avis Budget Group, Inc. (NASDAQ:CAR)
Acquiree:
Apex Car Rentals
Details:
Avis Budget Group, Inc. and Apex Car Rentals have announced that they have entered into a definitive agreement for the acquisition of Apex by Avis Budget. The acquisition is scheduled to close in October 2012, subject to customary closing conditions.
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.
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Avg. Broker Rec.
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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; powered by Xignite |
