Zipcar investor sues to block Avis Budget deal
Skift Take
These kinds of lawsuits come out of the woodwork every time a high profile public company acquisition happens. The deal will go through, this is just noise on the way.
Zipcar Inc. was sued by an investor who claims that Avis Budget Group Inc.’s takeover offer for the short-term car rental company is inadequate.
The $491 million sale to Avis Budget shortchanges Zipcar shareholders, Martin Bertisch alleged in a complaint filed January 8 in Delaware Chancery Court in Wilmington.
Zipcar’s board failed to take all necessary steps to ensure tha
