May 3 (Reuters) - Avis Budget Group Inc
* Avis Budget Group enters into new cooperation agreement with SRS Investment Management
* Avis Budget Group Inc- company also announced that, effective may 3, 2017, it is terminating stockholder rights plan it adopted earlier this year
* Avis Budget Group - brian choi, srs's representative, and sanoke viswanathan, a mutually agreed-upon independent director, will remain on board.
* Avis Budget Group - under terms srs agreed to standstill and voting commitments until jan 2018, will vote all of its shares in favor of co's nominees Source text for Eikon: Further company coverage: