Britain’s antitrust regulator is seeking public comment on Avis Budget Group Inc. (CAR:US)’s takeover offer for Zipcar Inc. (ZIP:US) to determine whether the proposed deal could lessen competition in the U.K. market.
The Office of Fair Trading will accept comments until Feb. 11 on the $491 million offer, the watchdog said today in a statement. Avis Budget’s Jan. 2 bid amounts to $12.25 a share, a 49 percent premium on the Cambridge, Massachusetts-based company’s Dec. 31 closing price.
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