April 16 (Reuters) - Avis Budget Group Inc:
* AVIS BUDGET GROUP ENTERS INTO NEW COOPERATION AGREEMENT WITH SRS INVESTMENT MANAGEMENT
* AVIS BUDGET GROUP INC - COMPANY TO TERMINATE SHAREHOLDER RIGHTS PLAN
* AVIS BUDGET GROUP INC - SRS AGREES TO SUPPORT ALL COMPANY NOMINEES AT 2018 ANNUAL MEETING
* AVIS BUDGET GROUP INC - JAGDEEP PAHWA AND CARL SPARKS APPOINTED TO BOARD
* AVIS BUDGET GROUP INC - APPOINTMENT OF JAGDEEP PAHWA AND CARL SPARKS EFFECTIVE APRIL 20, 2018 WILL TEMPORARILY EXPAND BOARD TO 14 MEMBERS
* AVIS BUDGET GROUP INC - SRS INVESTMENT MANAGEMENT WILL BE PERMITTED TO INCREASE ITS EQUITY OWNERSHIP STAKE IN COMPANY TO 20% OF SHARES OUTSTANDING
* AVIS BUDGET GROUP INC - COMPANY'S SLATE FOR ELECTION AT 2018 ANNUAL MEETING ALSO INCLUDES GLENN LURIE AND FRANCIS SHAMMO, NEW INDEPENDENT NOMINEES
* AVIS BUDGET GROUP INC - COUPLED WITH ADDITION OF LURIE AND SHAMMO, WILL REDUCE SIZE OF BOARD TO 13 DIRECTORS
* AVIS BUDGET GROUP - AGREED THAT AT 2019 ANNUAL MEETING, ONE INCUMBENT DIRECTOR WILL NOT STAND FOR REELECTION, REDUCING SIZE OF BOARD TO 12 DIRECTORS
* AVIS BUDGET - SRS AGREED TO STANDSTILL & VOTING COMMITMENTS BEGINNING ON DATE OF NEW COOPERATION AGREEMENT AND ENDING ON EARLIER OF JANUARY 25, 2020 Source text for Eikon: Further company coverage: