Avis Budget board OKs share buyback increase


    Avis Budget Group Inc. CAR, -1.41% board of directors has approved a $325 million increase to the car-rental company’s share buyback authorization, the company said in a filing Friday. With that, Avis has about $391 million of available repurchase authorization. The stock edged higher in the extended session Friday and ended the regular trading day down 1.4%.

    This article was originally published by Marketwatch.com. Read the original article here.

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