News Headline Summary

Avis Budget Group (CAR) to buy Zipcar (ZIP) for USD 12.25 per share in cash

- Avis reaffirms prior estimates of year 2012.
- To pay premium about 49% to last Zip close.
- Zip holders on 32% shares to vote in favour of the deal.

02 Jan 2013 - 12:00 - Equities - Source: Newswires

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