Market Overview

OFT Offers Comment on Avis Purchase of Zipcar

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Avis Budget Group Increases Its Stock Repurchase Program up to $300M
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UPDATE: Oppenheimer Terminates Coverage on Zipcar Following Acquisition by Avis Budget Group
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Anticipated acquisition by Avis Budget Group inc. (NYSE: CAR) of Zipcar inc. (NYSE: 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.

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