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September 01, 2020 1:37pm
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Avis adopts poison pill

Avis Budget Group Inc. (Nasdaq: CAR) announced preliminary full year results and adopted a poison pill which sent shares of rival Hertz Global Holdings Inc. (NYSE: HTZ) plunging $3.67 to close at $20.93. Avis stock plummeted $6.64 to close at $42.51.



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