Barloworld makes Avis takeover bid


JOHANNESBURG, Nov 20 (Reuters) - South African brand management group Barloworld said on Thursday it had made a firm cash and share offer to acquire the 65.3 percent of Avis it does not already own for a total 1.42 billion rand ($215.4 million). In a joint statement, Barloworld and Avis said Barloworld would pay 1.085 billion rand in cash and 335 million rand in Barloworld shares, in a deal that values 100 percent of Avis at about 2.175 billion rand.

Premium Content (PAID Subscription Required)

"Barloworld makes Avis takeover bid" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.

Nov 21, 2016

2017 Wards 10 Best Engines: Less Is More With Four

Fun-to-drive is a key 10 Best Engines measure when it comes to small-displacement, high-performance four-bangers....More


Diesels Power Profit Gains by VW's Lending Unit  

Volkswagen Financial Services cites increased demand for diesel cars in upgrading its projected 2016 profit from €1.92 billion to a record €2.1 billion....More


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×