The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Holzer Holzer & Fistel, LLC Announces Investigation into the Proposed Buyout of Zipcar, Inc.

Wednesday, January 02, 2013

Holzer Holzer & Fistel, LLC Announces Investigation into the Proposed Buyout of Zipcar, Inc.14:18 EST Wednesday, January 02, 2013 ATLANTA (Business Wire) -- Holzer Holzer & Fistel, LLC is investigating whether the directors of Zipcar, Inc. (“Zipcar” or the “Company”) (NASDAQ: ZIP) complied with their fiduciary duties in approving the proposed acquisition of the Company by Avis Budget Group, Inc. According to the Company's announcement, if the deal closes Zipcar shareholders will receive $12.25 per share of Zipcar owned. The firm's investigation seeks to determine, among other things, whether the consideration to be paid to Zipcar shareholders is fair and adequate. Current holders of Zipcar common stock with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Michael I. Fistel, Jr., Esq. or William Stone, Esq. via email at, or, or via toll-free telephone at (888) 508-6832. Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content. Holzer Holzer & Fistel, LLCMichael I. Fistel, Jr., Esq., (888) 508-6832 (toll-free)mfistel@holzerlaw.comorWilliam Stone, Esq., (888) 508-6832 (toll-free)