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.

Print 11:01, 02 Jan 2013 - US Equities - Source: Newswires