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Avis Budget Group Inc (NYSE:CAR): Current Price $23.06

Avis Budget Group Inc (NYSE:CAR) and Zipcar Inc (NASDAQ:ZIP) announce that following the expiry of the waiting period under the US Hart-Scott-Rodino Antitrust Improvements Act of 1976, the proposed acquisition of Zipcar by Avis Budget receives US anti-trust clearance, though certain other conditions such as approval by Zipcar shareholders and a review by UK competition authorities remain to be fulfilled. By current expectations, the companies expect the transaction to complete by March or April 2013.

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