Seeking Alpha

Avis (CAR) says it plans to buy Apex Car Rentals, New Zealand’s largest independent car...

Avis (CAR) says it plans to buy Apex Car Rentals, New Zealand’s largest independent car rental firm, for $29M. Apex operates a fleet of ~4,000 rental cars, 1% of the size of Hertz’s (HTZ) $2.3B purchase of Dollar Thrifty (DTG) and 3% of the size of DTG's fleet. But the deal boosts CAR's international presence, and should dispel any last thoughts that it's still considering another play for DTG.
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