Avis Budget (CAR) to Acquire Avis Europe Plc in $1B Deal
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Avis Budget Group, Inc. (Nasdaq: CAR) reports that it entered into an agreement to acquire Avis Europe Plc for £3.15 per share.
Closing is expected October 2011.
The terms of the transaction value Avis Europe's ordinary equity at approximately £635 million, or approximately $1.0 billion.
Closing is expected October 2011.
The terms of the transaction value Avis Europe's ordinary equity at approximately £635 million, or approximately $1.0 billion.
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