Budget Rental Cars - (No longer public - acquired by Cendent)

Budget Rental Cars -  (No longer public - acquired by Cendent)

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Budget Rental Cars -  (No longer public - acquired by Cendent)
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Beautifully engraved certificate from the Budget Group, Inc. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of the company logo and an allegorical woman leaning on a globe. This item has the printed signatures of the Company’s Chairman of the Board and Cheif Executive Officer and Secretary.
Certificate Vignette Budget Group, Inc. is one of the world's leading vehicle rental companies with 2000 revenues of $2.4 billion, and subsidiary companies that have some of the largest and most recognized brand names in the world: Budget Rent a Car and Ryder TRS. Through the synergies of car and truck rental, airport and neighborhood locations, and business and leisure travel expertise, Budget Group is able to meet the diverse needs of its customers. Budget Rent a Car Corporation is one of the world's top three car and truck rental systems with a global presence of over 3,200 locations in over 120 countries and territories. The company was founded in 1958 as a car rental company for the "budget-minded" personal renter. Since then, it has helped define the car rental industry through precedent-setting products and services. Ryder TRS, Inc. is the nation's second largest consumer truck rental company with a network of over 3,200 dealer locations. As a leading consumer and light commercial truck rental business, Ryder TRS has offered local and long distance ("one-way") moving services since 1942. Budget Group, Inc. focuses on building strong community relationships with the many cities in which we operate. If you're interested in learning more about our community involvement, visit our corporate contributions center. Company Background Originally named Team Rental Group, Inc. and traded on the NASDAQ, it was Budget Rent a Car Corporation's largest U.S. licensee. It was renamed Budget Group, Inc. in 1997 when it moved to the NYSE and acquired Budget Rent a Car Corporation from Ford Motor Company. In 1998, Budget Group acquired Ryder TRS, Inc. LISLE, Ill., July 29, 2002 /PRNewswire-FirstCall/ -- As the next step in its previously announced recapitalization initiative, Budget Group, Inc. (OTC Bulletin Board: BDGPA) today announced that it and certain of its domestic subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 filing will allow Budget to accelerate its plan to reduce its non-vehicle debt and to enable the Company to receive new capital investment while maintaining normal operations. In cooperation with its existing lenders and bondholders, the Company is continuing to pursue a solution to its capital structure issues and expects to make an announcement in this regard in the near future. NEW YORK and LISLE, Ill., Aug. 22, 2002 /PRNewswire-FirstCall/ -- Cendant Corporation (NYSE: CD) today announced that it has entered into a definitive agreement to acquire substantially all of the assets of Budget Group, Inc. (OTC Bulletin Board: BDGPA) for $107.5 million in cash plus the payment of certain transaction related expenses and assumption of certain contracts and trade payables. In addition, a subsidiary of Cendant will assume approximately $2.7 billion in non-recourse asset-backed vehicle-related debt. Budget Group is the third-largest general use car and truck rental company in the United States.


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  • budgetgroupinc
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  • 1
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  • Coins & Currency
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  • Collectibles
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