Branham
Law, LLP has launched an investigation Avis Budget Group's purchase
of Zipcar,
Inc. (“Zipcar”) (Nasdaq: ZIP). The proposed deal, valued at
approximately $500 million, offers Zipcar shareholders only $12.25 in
cash for each share they own. This value is startlingly below 52 week
high of $16.25 per share.
If you are a Zipcar shareholder or have information about this proposed
transaction, contact Trey
Branham at Branham Law, LLP, toll free (855) 722-5910, or via email
at tbranham@branham-law.com.
At issue is whether Zipcar’s Board of Directors took the appropriate
steps to ensure that Zipcar’s shareholders are receiving the highest
possible share price or whether the proposed transaction undervalues the
Company. At least one Analyst has pegged the actual value of Zipcar
shares at $13.00 per share. “This deal appears to be an undervaluation
of Zipcar’s shares,” said attorney Trey Branham. “If so, we intend make
an effort to ensure that the board maximizes value for its shareholders.”
Branham Law, LLP has significant experience in shareholder
representation nationwide.