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Car rental giant receives U.S. clearance for major acquisition

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Parsippany-based car rental company Avis Budget Group Inc. announced its pending $491 million offer to acquire Zipcar Inc., in Cambridge, Mass., received federal antitrust clearance on Monday.

Pending approval by Zipcar shareholders and review by United Kingdom competition authorities, Avis expects the acquisition to be completed in March or April 2013.

 

 

 

 

 

 

 

 

 

 

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