Joint Statement from Avis Budget Group and Pentwater Capital Management
Avis Budget Group filed a motion seeking court approval of a $650 million settlement with Pentwater Capital Management regarding Section 16(b) litigation. The settlement resolves claims seeking recovery of short swing profits, with Pentwater agreeing to pay $650 million in cash to Avis.
Key figures
- Deal Value Usd
- 650000000
AI analysis
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