Published Jun 22, 2026, 5:54 PM ET · Updated 5 months ago · 1 source

Avis Set for $650 Million Pentwater Payout After Short Squeeze

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Avis Set for $650 Million Pentwater Payout After Short Squeeze

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.