Avis Budget Group (CAR) acquires Payless Car Rental - the nation's 6th largest car rental...

|About: Avis Budget Group, Inc. (CAR)|By:, SA News Editor

Avis Budget Group (CAR) acquires Payless Car Rental - the nation's 6th largest car rental company - for $50M in cash. Payless has about $80M in annual revenue. Avis had about $5B in revenue last year. (PR)