January 02, 2013 at 12:18 PM EST
Avis Offers $491.2 Million For Zipcar
Avis Budget Group Inc. (Nasdaq: CAR) offered a premium of approximately $491.2 million to acquire car sharing company Zipcar Inc. (Nasdaq: ZIP). Shares of Avis gained 93 cents to $20.75 while Zipcar stock leaped $3.99 to $12.23.

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