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BRIEF-Avis Budget Group signs cooperation agreement with SRS Investment
May 3, 2017 / 9:29 PM / 5 months ago

BRIEF-Avis Budget Group signs cooperation agreement with SRS Investment

May 3 (Reuters) - Avis Budget Group Inc

* Avis Budget Group enters into new cooperation agreement with SRS Investment Management

* Avis Budget Group Inc- company also announced that, effective may 3, 2017, it is terminating stockholder rights plan it adopted earlier this year

* Avis Budget Group - brian choi, srs’s representative, and sanoke viswanathan, a mutually agreed-upon independent director, will remain on board.

* Avis Budget Group - under terms srs agreed to standstill and voting commitments until jan 2018, will vote all of its shares in favor of co’s nominees Source text for Eikon: Further company coverage:

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