The Law Firm of Wohl & Fruchter Commences Investigation into the Acquisition of Zipcar, Inc. by Avis Budget Group, Inc.
The law firm of Wohl & Fruchter LLP has commenced an investigation into
the proposed acquisition of Zipcar, Inc. (Zipcar) (Nasdaq: ZIP) by Avis
Budget Group, Inc. (Avis).
On January 2, 2012, Zipcar announced that it had entered into an
agreement for Avis to acquire the company for $12.25/share in cash. Avis
stated that it anticipates that key members of the Zipcar management
team, including Scott Griffith, Zipcar’s chairman and chief executive
officer, and Mark Norman, Zipcar’s president and chief operating
officer, will continue to set the overall direction and run the
daytoday operations of Zipcar.
Wohl & Fruchter’s investigation concerns, among other things, the
fairness of the process used to approve the acquisition and whether
approval of the acquisition was improperly motivated by any conflicts of
interest.
Additional information is available at http://www.wohlfruchter.com/cases/zip.
Persons with relevant information, and ZIP shareholders with questions
about this investigation, are invited to contact our Firm by calling
866.582.8140, or contacting the attorney below.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from
fraud and other fiduciary breaches by corporate managers, as well as
other complex litigation matters. Please visit our website, www.wohlfruchter.com,
to learn more about our Firm, or contact one of our partners.
Contact:
J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845.425.4658
Wohl
& Fruchter LLP
570 Lexington Avenue
New York, NY 10022
www.wohlfruchter.com
This release may be deemed to constitute attorney advertising.
