Short squeeze payback: Avis Budget gains 8% on massive $650M Pentwater settlement

Avis Budget Group (NYSE:CAR) is shifting into high gear. Shares of the car rental giant accelerated 8% in after-hours trading Monday following news of a massive $650 million cash settlement with hedge ...

Avis Secures $650 Million Settlement, Shares Rise 6.5% After Hours

Avis Budget Group (NASDAQ:CAR) is set to receive $650 million in cash through a settlement agreement with Pentwater Capital Management, according to a filing. The deal is aimed at resolving a lawsuit ...