Branham Law, LLP Investigating Zipcar Sale to Avis Budget Group

  Branham Law, LLP Investigating Zipcar Sale to Avis Budget Group

Business Wire

DALLAS -- January 9, 2013

Branham Law, LLP has launched an investigation Avis Budget Group's purchase of
Zipcar, Inc. (“Zipcar”) (Nasdaq: ZIP). The proposed deal, valued at
approximately $500 million, offers Zipcar shareholders only $12.25 in cash for
each share they own. This value is startlingly below 52 week high of $16.25
per share.

If you are a Zipcar shareholder or have information about this proposed
transaction, contact Trey Branham at Branham Law, LLP, toll free (855)
722-5910, or via email at tbranham@branham-law.com.

At issue is whether Zipcar’s Board of Directors took the appropriate steps to
ensure that Zipcar’s shareholders are receiving the highest possible share
price or whether the proposed transaction undervalues the Company. At least
one Analyst has pegged the actual value of Zipcar shares at $13.00 per share.
“This deal appears to be an undervaluation of Zipcar’s shares,” said attorney
Trey Branham. “If so, we intend make an effort to ensure that the board
maximizes value for its shareholders.”

Branham Law, LLP has significant experience in shareholder representation
nationwide.

Contact:

Branham Law, LLP
Trey Branham, 855-722-5910
tbranham@branham-law.com
http://www.branham-law.com