Law Offices of Todd M. Garber Announces Investigation of Zipcar, Inc.
The Law Offices of Todd M. Garber announces that it is investigating
potential claims against the Board of Directors of Zipcar, Inc.
(“Zipcar” or the “Company”) (NASDAQ: ZIP) related to the proposed
acquisition of the Company by Avis Budget Group, Inc. The transaction is
valued at approximately $491 million or $12.25 per share.
This investigation concerns whether the Board of Directors of Zipcar
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth, and at least one analyst has set a target price for the
Company’s stock at $13.00.
If you are a shareholder of Zipcar, if you have information or would
like to learn more about our investigation, or if you wish to discuss
these matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Todd
M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone
at 213-700-7262 or by email to info@toddgarberlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
