Avis Budget plays defense against large shareholder [Seeking Alpha]
Avis Budget Group, Inc. (CAR)
Last avis budget group, inc. earnings: 2/19 04:00 pm
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US:NASDAQ Investor Relations:
ir.avisbudgetgroup.com
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Source: Seeking Alpha
Avis Budget plays defense against large shareholderAvis Budget Group (NASDAQ:CAR) approves a one-year stockholder rights plan to protect the interests of all stockholders.The company says the rights plan is intended to preserve its ability to evaluate and pursue all strategic actions and prevent large shareholder SRS Investment Management from obtaining effective control without paying a control premium.SRS has disclosed a 30.7% economic interest in Avis Budget Group, including voting power over 14.7% of the outstanding shares and economic exposure to an additional 16% of the outstanding shares through derivative instruments."We are disappointed that SRS has forced us into a position where we need to take this action to protect the interests of all stockholders,” says Avis lead director Leonard Coleman.Source:Press ReleaseClick to subscribe to real-time analytics on CARNow read:Preferred Yields 9.8% With Less Risk Than First Meets The Eye »
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CAR
News
- Avis Budget Group, Inc. (NASDAQ: CAR) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $202.00 to $183.00. They now have a "buy" rating on the stock.MarketBeat
- Avis Budget Group, Inc. (NASDAQ: CAR) had its price target lowered by analysts at Morgan Stanley from $190.00 to $187.00. They now have an "overweight" rating on the stock.MarketBeat
- Avis Budget Group (CAR) Gains But Lags Market: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Avis Budget Group, Inc. (NASDAQ: CAR) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $130.00 price target on the stock, up previously from $118.00.MarketBeat
- Avis Budget Group (CAR) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
CAR
Earnings
- 2/12/24 - Beat
CAR
Sec Filings
- 4/3/24 - Form DEFA14A
- 4/3/24 - Form DEF
- 3/18/24 - Form 8-K
- CAR's page on the SEC website