Cendant To Buy Orbitz For $1.25 Billion
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SEPTEMBER 29, 2004 -- Cendant Corp. and Orbitz today reached a definitive agreement for Cendant to buy all the shares of Orbitz for $27.
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The Blackstone Group said on Tuesday it would buy Hilton Hotels Corp. for about $26 billion in cash.
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Online travel agency, which had one of the hottest IPO&#39;s of 2003, meets 12 cents per share target. CHICAGO  - Orbitz Inc.
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Travel and hospitality company Cendant Corp. today announced plans to acquire online travel vendor Orbitz.com for approximately $1.25 billion.
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Cendant Corp. said Thursday it has agreed to acquire Gullivers Travel Associates and Octopus Travel Group Ltd. of Britain for about &#36;1.1 billion in cash.
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IF services conglomerate Cendant buys the third-largest US online travel company, Orbitz, as looks probable, then it will be widely seen as another step towards breaking down any lingering sense that business over the internet is &quot;special&quot; compared to
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A consortium led by Australia&#39;s Macquarie group will pay Â£1.27 billion ($2.5 billion) for the broadcast infrastructure business of Britain&#39;s NTL Group.
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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 Cendant Corp. in New York said Wednesday it will acquire Chicago-based online travel company Orbitz Inc. for about $1.25 billion.
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Cendant (CD:NYSE) sewed up a $1.25 billion acquisition of online travel giant Orbitz (ORBZ:Nasdaq), igniting another surge in shares of the airline-owned travel site.
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Shares of Internet travel firm Orbitz Inc. surged after it agreed to be acquired by Manhattan-based Cendant Corp. for about $1.25 billion.
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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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Cendant, the world&#39;s largest travel group, yesterday continued its buying spree with the $1.1bn (Â£570m) purchase of Gullivers Travel Associates and Octopus.
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Two leading names in the travel industry were today bought for Â£1.1 billion dollars (Â£563 million) - the second major UK deal by US giant Cendant this month.
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The Blackstone Group announced that it would buy Hilton Hotels for $26 billion, or $47.50 a share, a 40 percent premium over its closing price on Monday.
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Shares of Orbitz Inc.  soared 27.6 percent before the bell on Wednesday following reports that travel and real estate heavyweight Cendant Corp.  is nearing a deal to buy the online travel site.
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An Australian-led consortium said it would buy the broadcast business of communications and entertainment group ntl Inc for 1.27 billion pounds.