Avis Budget Group, Pentwater Capital Management File Motion To Settle Previously Announced June 16 Litigation Between Parties; Pentwater To Pay $650 In Cash To Avis
Avis Budget Group, Inc. (NASDAQ:CAR) ("Avis" or the "Company") and Pentwater Capital Management LP ("Pentwater" and collectively with Avis, the "Parties") today announced Avis has filed a
Avis and Pentwater, two companies that were fighting in court, decided to stop fighting and settle their disagreement. Pentwater will pay Avis $650 million in cash. When companies settle fights instead of going to court, it often means less stress and costs for both sides.
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