Verra Mobility Reaches Framework Agreement with Avis Budget Group; New Agreement Expected To Be Materially Less Favorable To Verra Mobility Than Prior Agreement; Avis Budget Group To Have Option To Perform Certain Activities Internally Under New Agreement
https://ir.verramobility.com/news-releases/news-release-details/verra-mobility-reaches-framework-agreement-avis-budget-group
Verra Mobility made a new deal with Avis, but it's worse for Verra than their old deal—Avis can now do some work itself instead of paying Verra to do it. When a company loses a big customer's business, that's something to notice and think about when watching how the company does.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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