Ryan & Maniskas, LLP Announces Investigation of Zipcar, Inc.
WAYNE, Pa., Jan. 3, 2013
WAYNE, Pa., Jan. 3, 2013 /PRNewswire/ -- Ryan & Maniskas, LLP
(www.rmclasslaw.com/cases/zip) is investigating potential claims against the
board of directors of Zipcar, Inc. ("Zipcar" or the "Company") (NASDAQ: ZIP)
for possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Avis Budget Group, Inc. in deal
valued at approximately $500 million.
Our investigation concerns possible breaches of fiduciary duty and other
violations of law related to the approval of the transaction by the Company's
board of directors; in particular, whether the Company undertook a fair
process to obtain fair consideration for all shareholders of Zipcar. For more
information regarding our investigation, please contact Ryan & Maniskas, LLP
(Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/zip.
Under the terms of the proposed transaction, Zipcar shareholders will receive
$12.25 in cash for each share of Zipcar common stock they own.
If you own shares of Zipcar and would like to learn more about these claims or
if you wish to discuss these matters and have any questions concerning this
announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at
(877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/zip. You
may also email Mr. Maniskas at email@example.com. For more information
about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan &
Maniskas, LLP is devoted to protecting the interests of individual and
institutional investors in shareholder actions in state and federal courts
CONTACT: Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
SOURCE Ryan & Maniskas, LLP
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