Vehicle rental services provider Avis Budget Group Inc. (CAR) and car sharing network Zipcar Inc. (ZIP) announced that the waiting period as per the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, expired on February 11, 2013 concerning Avis Budget's acquisition of Zipcar.
Subject to other customary conditions, including approval by Zipcar shareholders and review by UK competition authorities, the companies currently expect Zipcar acquisition to be completed in March or April 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.