Acquirer: AVIS Rent A Car System; Target: Budget Car Rental

Acquirer(s)

  • AVIS Rent A Car System

Target(s)

  • Budget Car Rental

Summary

Acquisition of Budget Car Rental by Cendant Corporation, parent company of Avis Rent A Car

Market definition

Car rental services

Competition analysis

The Commission concluded that, having regard to market conditions, the continuing presence of strong competitors and the opportunity for new entry, it did not consider the transaction would result in a substantial lessening of competition for car rental services.

Merger type

Horizontal

Guidelines thresholds

Unknown

Imports above 10%

N/A

Initiation

Other

ANZSIC code

7741