Cendant to acquire Orbitz for $1.25b
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Orbitz Inc.'s shares surged nearly 31 percent yesterday on news that Cendant Corp. , owner of the CheapTickets, Days Inn, Avis, and Budget brands, had agreed to pay $1.25 billion to acquire the third-largest online travel agency.
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Global Tower Partners, a U.S. wireless tower operator, is to be bought by a consortium of infrastructure funds managed by members of Australia's Macquarie Group in a deal valued at $1.4 billion.
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Travel and real estate conglomerate Cendant Corp. said Wednesday it will buy travel Web site Orbitz Inc. for about $1.25 billion, making it the No.
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New York-based Cendant Corp. Wednesday said it will buy online travel company Orbitz Inc. for $1.25 billion in cash. The real estate and travel services firm will pay $27.
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Albert L. Lord will receive $224.9 million for his stock options as part of the companyâs $25 billion takeover.
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Global Tower Partners, a U.S. wireless  tower operator, is to be bought by a consortium of  infrastructure funds managed by members of Australia&#39;s  Macquarie Group in a deal valued at $1.4 billion.
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Private investor Cerberus Capital  Management LP has agreed to buy real estate investment and  management company LNR Property Corp. LNR.N for $1.92 billion  in cash.
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Dinesh Dhamija, ebookers&#39; chief executive and founder who is stepping down as a result of the acquisition of the internet travel site by Cendant of the US, will receive Â£5m
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Cendant Corp., the world&#39;s largest hotel franchiser and owner of the Avis car-rental company, said Wednesday it agreed to purchase Orbitz, a popular Internet travel agency, for $1.
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Shares of Orbitz (ORBZ) jumped more than 25% in after-hours trading Tuesday on reports that the travel and real estate company Cendant (CD) is close to an agreement to buy the online travel site for about $1.
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SEPTEMBER 29, 2004 -- New York -- Cendant Corp. today announced it will acquire the online travel agency, Orbitz, in a major consolidation of the web-based travel business.
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Amid rising use of online travel services, Cendant (Quote, Chart) will pay $1.25 billion in cash for Orbitz , the companies confirmed this morning.
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Travel and real estate heavyweight Cendant said Wednesday it will buy travel Web site Orbitz for about $1.25 billion, making it the No.
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Technology markets rallied Wednesday. They were boosted by soaring Internet stocks on news that Cendant plans to buy Orbitz and by investors looking for general bargains in the recently battered sector.
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The Cendant Corporation is planning to announce today that it will spin off its Wright Express unit in an initial public offering that is expected to raise more than $1 billion.
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Cendant, the holding company that owns the Avis car rental firm and Ramada hotels, announced plans to acquire British-based online travel group ebookers for 404.3 million dollars.
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In a deal combining two travel industry powerhouses, hotel franchisor and real estate service company Cendant Corp. agreed to acquire Internet travel agency Orbitz Inc.