Hedge Fund to Pay Avis $650 Million in Settlement

A hedge fund will pay Avis $650 million in a settlement following significant stock swings. This payout comes after a period of volatility for Avis's stock, including a short squeeze event.

22 Jun, 23:17 — 22 Jun, 23:17

Post Share

Sources

Showing 1 of 2 sources

FTVery High47d ago

Hedge fund to pay Avis $650mn in settlement after wild stock swings

Pentwater Capital rapidly sold shares in the US car rental group as its stock soared then plummeted

Read full article →

Coverage Timeline

First report: bloomberg · 22 Jun, 21:54|Full coverage: 2 · 1h|Window: 1h

Left-leaningCenterRight-leaning

bloomberg22 Jun, 21:54First to report

Avis Set for $650 Million Pentwater Payout After Short Squeeze - Bloomberg.com

1h later

FT22 Jun, 23:17Latest update

PERSPECTA

PERSPECTA

Hedge Fund to Pay Avis $650 Million in Settlement

Sources

Hedge fund to pay Avis $650mn in settlement after wild stock swings

Coverage Timeline

Avis Set for $650 Million Pentwater Payout After Short Squeeze - Bloomberg.com

Hedge fund to pay Avis $650mn in settlement after wild stock swings

Related Stories

MTN Nigeria Confirms 25GB Data Reward, Warns Against Fake Links

Erdinger Owner Werner Brombach Dies

West Bengal to Audit Industrial Parks, Submit BHAVYA Proposals

Climate Change Threatens Nigerian Coastal Fishermen's Livelihoods

PERSPECTA