Last updated: 01:14 PM ET, Tue April 29 2014

Zipcar Stockholders Approve Avis Budget’s Acquisition of Company

Car Rental & Rail | Avis Budget Group | Mimi Kmet | March 07, 2013

Stockholders of car sharing network Zipcar, Inc. have approved Avis Budget Group, Inc.’s proposed acquisition of the company. Approximately 98 percent of the shares voted at a special meeting this week were voted in favor of the adoption of the merger agreement, representing approximately 72 percent of Zipcar's outstanding shares of common stock as of the record date for the meeting.

The companies anticipate that the transaction will be completed during the week of March 11, subject to review by U.K. competition authorities and other customary closing conditions. The transaction has previously received regulatory clearance in the United States.

For more information on Avis Budget Group

For more Car Rental & Rail News

Comments

You may use your Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook information, including your name, photo & any other personal data you make public on Facebook will appear with your comment, and may be used on TravelPulse.com. Click here to learn more.

Discover Tahiti with Paul Gauguin

Cruise Lines & Cruise Ships