Cendant to buy Gullivers Travel for $1.1 billion cash
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LONDON (CBS.MW) -- Cendant Corp. (CD) said it&#39;s agreed to buy privately-held Gullivers Travel Associates for $1.1 billion in cash.
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Travel and real estate company Cendant Corp. (CD.N: Quote, Profile, Research) is close to an agreement to buy online travel site Orbitz Inc.
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Orbitz Inc.'s shares surged nearly 31 percent Wednesday on news that Cendant Corp., the 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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Canadian Pacific Railway Ltd  has agreed to buy the Dakota, Minnesota & Eastern Railroad Corp for at least $1.5 billion cash to expand its network and increase access to U.S. Midwest markets.
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The deal, if consummated, would give Cendant the technology it needs to shed its dependence on an aging system and business model that it&#39;s relied upon to distribute airfares and hotel reservations.
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Travel and real estate heavyweight  Cendant Corp. on Wednesday said it will buy travel Web site  Orbitz Inc. for about $1.25 billion, making it the  second-largest competitor in the online travel industry.
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Source says travel and real estate giant is close to reaching agreement to acquire travel Web site. PHILADELPHIA  - Travel and real estate company Cendant Corp.
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eBookers, one of Europe&#39;s leading travel website is up for grabs. Cendant, the world&#39;s largest travel group, is expected to announce a deal to buy the internet travel site at $145 mn or more.
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NEW YORK and LONDON, Dec. 16 /PRNewswire-FirstCall/ -- Cendant Corporation (NYSE:CD) today announced that it has agreed to acquire privately held, UK based Gullivers Travel Associates, the trading name of Donvand Ltd.
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Cendant Corp., the world&#39;s largest hotel franchisor, said Thursday it agreed to acquire London-based Gullivers Travel Associates and Octopus Travel Group Ltd.
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A group of investors, including Goldman Sachs Capital Partners, is taking a minority stake in the hotel company for $1 billion.
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Two private equity firms will buy Sabre Holdings Corp. , owner of the Travelocity hotel and flight-booking Web site, for $4.45 billion as they look to profit from a boom in travel services.
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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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LONDONâWPP Group PLC, the London-based advertising giant, said yesterday it was buying US-based Grey Global Group Inc. in a $1.52 billion (US) cash and stock deal.
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Cendant, the US travel group which owns Cheaptickets.com, continued to blaze an acquisitive trail yesterday with the agreed $1.1bn (Â£570m) purchase of private UK-based holiday wholesaler Gullivers Travel Associates.
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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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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.