Pentwater Capital Management increases Avis stake to 22.2 percent

7 articles · Updated · Bloomberg · Apr 24

Pentwater acquired 741,100 Avis shares by exercising about 7,400 call options, as disclosed in a recent regulatory filing.
The stake increase occurred just before Avis Budget Group’s stock suffered a nearly 70% decline.
Pentwater is now Avis’s second-largest shareholder, with its investment moves drawing attention amid the company’s dramatic share price volatility.

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