Avis Set for $650 Million Pentwater Payout After Short Squeeze

Bloomberg Jun 22, 2026 2h ago ⏱ 1 min read 👁 2 views

Image via Bloomberg

📋 Article Summary

48 words

Avis Budget Group Inc. is set to receive $650 million in cash as part of a settlement agreement with Pentwater Capital Management to resolve a lawsuit regarding short-swing profits, according to a filing. This story was reported by Bloomberg. For more Finance news in Kenya, stay tuned to Masaa.

This is a summary. Read the complete story on Bloomberg below.

Full story on Bloomberg

Read Full Story →

🔗 Clicking will take you to www.bloomberg.com

👁 People Also Read

Finance

Sorry, Elon, the far right is still the far right

And on some issues, it’s further to the right than before

Read

Finance

Oil Stockpiles Near Danger Zone

Energy markets expert and author of Oil's Endless Bid Dan Dicker says oil markets are underestimating the impact of ongoing…

Read

Finance

Inghams Shares Tumble as Farms Locked Down in Fight Against H5N1

Shares in Australia-listed chicken producer Inghams Group Ltd. dropped as much as 14% in early Monday trading after the company…

Read

Finance

Swiss Voters Set to Reject Stricter Neutrality, Early Poll Shows

Swiss voters are set to reject an initiative to strengthen neutrality, according to an early poll, a result that could…

Read

► Necessary Cookies Always Active

Necessary cookies enable essential site features like secure log-ins and consent preference adjustments. They do not store personal data.

► Functional Cookies Remark

Functional cookies support features like content sharing on social media, collecting feedback, and enabling third-party tools.

► Analytical Cookies Remark

Analytical cookies track visitor interactions, providing insights on metrics like visitor count, bounce rate, and traffic sources.

► Advertisement Cookies Remark

Advertisement cookies deliver personalized ads based on your previous visits and analyze the effectiveness of ad campaigns.