Avis Budget Group (CAR) Pulled Back After Poison Pill Adopted

Avis Budget Group (CAR) announced Monday that its Board has approved the adoption of a one-year Stockholder Rights Plan.

Avis Budget Group declined for the majority of the morning Monday and slipped further around mid-afternoon. Shares finished with a loss of 6.64 at $42.51 on the highest volume of the year. The stock dropped to a 1-month low.

by RTT Staff Writer

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