Why Is CAR Stock Jumping 2% Premarket Today?
Avis Budget announced a proposed settlement with Pentwater Capital regarding a short-swing profit lawsuit. Avis Budget said Pentwater Capital would pay $650 million to resolve litigation under Section 16(b) of U.S. securities law. The agreement still requires court approval and, if finalized, would strengthen Avis’s finances. Earlier this month, JPMorgan and Barclays raised their price … Read more