Hedge Fund at Center of Avis Squeeze Added to Stake Before Rout
Avis Budget Group Inc.’s second-biggest shareholder Pentwater Capital Management LP boosted its stake in the car rental company just before the stock’s nearly 70% rout.
Avis Budget Group Inc.’s second-biggest shareholder Pentwater Capital Management LP boosted its stake in the car rental company just before the stock’s nearly 70% rout.