OFT Offers Comment on Avis Purchase of Zipcar

Anticipated acquisition by Avis Budget Group inc. CAR of Zipcar inc. ZIP. The Office of Fair Trading is considering whether arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom.