|[January 02, 2013]
Zipcar, Inc. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Glancy Binkow & Goldberg LLP 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 informatio 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 Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East,
Suite 2100, Los Angeles, CA (News - Alert) 90067, by telephone at 310-201-9150 or Toll
Free at 888-773-9224 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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