Avis Budget Group (CAR) agrees to buy the outstanding shares of Avis Europe for £3.15 each,...


Avis Budget Group (CAR) agrees to buy the outstanding shares of Avis Europe for £3.15 each, valuing the deal at ~£635M ($1B). The deal "reunites the global operation of the Avis and Budget brands under one corporate umbrella, and is both financially and strategically compelling." (PR)

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