Avis Group Holdings Inc. has announced that Feb., 28, 2001, will be the date of a special shareholder meeting to vote on adoption of the Agreement and Plan of Merger, dated Nov. 11, 2000, by and among Cendant Corp., PHH Corp., Avis Acquisition Corp., and Avis Group Holdings Inc. The transaction is expected to close on March 1. Shareholders of record as of Jan. 24, 2001, are entitled to receive notice of, and vote at, the special meeting. The Agreement and Plan of Merger provides for Cendant to acquire all of the outstanding shares of Avis Group that are not currently owned by Cendant at a price of $33.00 per share in cash. Avis has filed with the Securities and Exchange Commission a preliminary proxy statement regarding the transaction.