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Not So Fast: Avis’ Proposed $500M Zipcar Buy Being Investigated For Short-Changing Shareholders

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http://techcrunch.com – Earlier today the sharing economy startup world was abruptly awoken from its holiday slumber with the news that car rental giant Avis would buy car-sharing company Zipcar for $500 million. No sooner had the news gotten out, though, that some shareholders in Zipcar have cried foul. The securities litigation firm of Powers Taylor, along with Willie Briscoe, the ex-U.S. SEC attorney, today announced that they would be investigating and possibly filing a lawsuit to block the deal. The premise: a $500 million acquisition price works out to shareholders getting $12.25 in cash for each share, below (IT news)