More on Avis Budget's (CAR) purchase of Zipcar (ZIP): Scott Griffith will remain the CEO of...

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

More on Avis Budget's (CAR) purchase of Zipcar (ZIP): Scott Griffith will remain the CEO of Zipcar following the merger. The deal is expected to produce $50M to $70M a year in annual synergies and be accretive to earnings in the second year following the closing.