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Apple, Tech Starts 2013 'Zipping' Higher

Zipcar (ZIP) shares soared 48.42% to $12.23 after the company agreed to be bought by Avis Budget (CAR) for $12.25 a share, a 50% premium to Monday's closing price.

"We see car sharing as highly complementary to traditional car rental, with rapid growth potential and representing a scalable opportunity for us as a combined company," Ronald L. Nelson, Avis's chief executive, said in a statement.

Interested in more on Apple? See TheStreet Ratings' report card for this stock.

-- Written by Chris Ciaccia in New York

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SYM TRADE IT LAST %CHG
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%
YHOO $44.45 0.00%

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