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

Law Offices of Todd M. Garber Announces Investigation of Zipcar, Inc.

Friday, January 04, 2013

Law Offices of Todd M. Garber Announces Investigation of Zipcar, Inc.12:00 EST Friday, January 04, 2013 LOS ANGELES (Business Wire) -- The Law Offices of Todd M. Garber announces that it is investigating potential claims against the Board of Directors of Zipcar, Inc. (“Zipcar” or the “Company”) (NASDAQ: ZIP) related to the proposed acquisition of the Company by Avis Budget Group, Inc. The transaction is valued at approximately $491 million or $12.25 per share. This investigation concerns whether the Board of Directors of Zipcar breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth, and at least one analyst has set a target price for the Company's stock at $13.00. If you are a shareholder of Zipcar, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to info@toddgarberlaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Law Offices of Todd M. GarberTodd M. Garber, Esquire213-700-7262info@toddgarberlaw.com