Kirkland Reps Avis In $500M Zipcar Buy
Avis will pay Zipcar stakeholders $12.25 per share in cash, a 49 percent premium over the target's Tuesday closing price of $8.24 on the Nasdaq. The parties said they expected to finalize the deal in spring 2013.
Avis said both parties' boards have approved the deal. A group of Zipcar shareholders who collectively hold...
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