Press release from PR Newswire
Zipcar, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation Of Acquisition By Avis Budget Group, Inc.
Wednesday, January 02, 2013
Zipcar, Inc. Shareholder Alert: Bernstein Liebhard LLP Announces Investigation Of Acquisition By Avis Budget Group, Inc.09:36 EST Wednesday, January 02, 2013NEW YORK, Jan. 2, 2013 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Zipcar, Inc. ("Zipcar" or the "Company") (NASDAQ: ZIP) breached its fiduciary duty to its shareholders in agreeing to sell Zipcar to Avis Budget Group, Inc. (NASDAQ: CAR).(Logo: http://photos.prnewswire.com/prnh/20120202/MM47134LOGO )Under the terms of the agreement, Zipcar shareholders will receive $12.25 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Zipcar shareholders and the process by which the Zipcar Board of Directors considered and approved the transaction.If you are interested in discussing your rights as a Zipcar stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at: (877) 779-1414orOttensoser@bernlieb.com.Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years.Bernstein Liebhard LLP10 East 40th StreetNew York, New York 10016(877) 779-1414www.bernlieb.comATTORNEY ADVERTISING. © 2013 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.SOURCE Bernstein Liebhard LLP