Pentwater Capital Management Executes $1.02 Billion Divestment of Avis Budget Group Equity
Pentwater Capital Management LP, led by CEO Matthew Halbower, has disclosed significant divestments involving Avis Budget Group (NASDAQ: CAR) common stock and call options. The transactions, occurring on April 22 and April 23, 2026, represent a massive liquidity event for the major shareholder amid a period of intense price instability for the rent…