Cendant buys Ortiz for $1.25B
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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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The embattled student lending giant, reached a settlement over its scuttled $25 billion buyout, ending months of legal fighting.
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With one deal, Cendant Corp. is moving from an also-ran to one of the top players in the booming online travel business. The company is already one of the world&#39;s biggest travel and real
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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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Travel and real estate company Cendant Corp. is close to an agreement to buy online travel site Orbitz Inc. for about $1.2 billion in cash, a source close to the talks said yesterday.
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ECI Telecom, an Israeli maker of telecommunications equipment, agreed to be bought by the Swarth Group and the Ashmore Group for $1.2 billion.
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The knee and ankle brace maker said it agreed to be bought by the medical device maker ReAble Therapeutics for about $1.6 billion including debt.
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Shares of Orbitz rocketed 27 percent in after-hours action yesterday on word the online travel site was in talks to be purchased by Cendant for $26 to $28 per share, or more than $1 billion in cash.
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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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Kohlberg Kravis Roberts, one of the kings of the buyout world, filed for a $1.25 billion initial public offering yesterday, following the precedent set two weeks ago by its long-standing rival, Blackstone Group.
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Ceridian Corp  said Saturday it has resolved a proxy battle with its largest shareholder, clearing the way for the payroll processing company to be acquired by Thomas H. Lee Partners LP  and Fidelity National Financial Inc  for about $5.2 billion.
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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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Cendant, the worldâs largest travel group, continued its buying spree, saying on Thursday it had agreed to buy privately held Gullivers Travel Associates, the UK-based travel company, and Octopus Travel for about $1.1bn cash.
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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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Cendant Corp. said Thursday it has agreed to acquire Gullivers Travel Associates and Octopus Travel Group Ltd. of Britain for about US$1.1 billion (euro820 million) in cash.
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Travel and real estate heavyweight Cendant Corp.  said on Wednesday it will buy travel Web site Orbitz Inc.  for about &#36;1.25 billion, making it the No. 2 online travel agency.
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Travel and real estate heavyweight  Cendant Corp. CD.N is nearing a deal to buy online travel  site Orbitz Inc. ORBZ.O, which is controlled by the top five  U.S. airlines, for about $1.2 billion in cash, a source close  to the talks said on Tuesday.