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Prospect News home > News index > List of issuers A > Headlines for Avis Budget Group, Inc. > News item |
Classic Fund increases stake to 5.2% in Avis Budget
By E. Janene Geiss
Philadelphia, Feb. 4 - Classic Fund Management AG increased its investment to 5.2% in Avis Budget Group Inc. as of Dec. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.
That represents a passive stake of 5,242,283 shares.
Those holdings are up from the passive stake of 5.05%, or 5,242,283 shares, that the investor reported owning on Jan. 23, 2008, according to an SC 13G filing.
Avis is a Parsippany, N.J.-based provider of vehicle rental services.
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