Law Offices of Howard G. Smith Announces Investigation of Zipcar, Inc.

  Law Offices of Howard G. Smith Announces Investigation of Zipcar, Inc.

Business Wire

BENSALEM, Pa. -- January 3, 2013

Law Offices of Howard G. Smith announces that it is investigating potential
claims against the Board of Directors of Zipcar, Inc. (“Zipcar” or the
“Company”) (NASDAQ: ZIP) related to the proposed acquisition of the Company by
Avis Budget Group, Inc. The transaction is valued at approximately $491
million or $12.25 per share.

This investigation concerns whether the Board of Directors of Zipcar breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into the proposed transaction, and whether
the Company has disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth, and at least one
analyst has set a target price for the Company’s stock at $13.00.

If you are a shareholder of Zipcar, if you have information or would like to
learn more about our investigation, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith, Esquire, of Law
Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888)
638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
Toll Free: 888-638-4847
howardsmith@howardsmithlaw.com
http://www.howardsmithlaw.com
 
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