Troubled Cendant Corp. to sell software division: TLC, McGraw-Hill & Houghton Mifflin cited as

August 1998
Electronic Education Report;08/19/98, Vol. 5 Issue 15, p1
Trade Publication
Announces Cendant Corp.'s confirmation of rumors that it is planning to sell off its Cendant Software division. Financial problems of Cendant Corp.; Speculation on what company would be interested in buying the education software publisher; sales of Cendant Software; The Leaning Corp., Houghton Mifflin and McGraw-Hill as most likely buyers.


Related Articles

  • Cendant Could Be a Paradigm For Future Deals, Breakups. Sikora, Martin // Mergers & Acquisitions: The Dealermaker's Journal;Jan2006, Vol. 41 Issue 1, p16 

    The article focuses on the break up of Cendant Corp. into several firms. Fleet manager PHH Corp. is one of Cendant's businesses that was included in the spin off. The remaining operations of Cendant will be divided into four separate companies. Mark Sirower of PricewaterhouseCoopers comments on...

  • Chesapeake ABS seen withstanding PHH spin-off. H. B. O. // Private Placement Letter;2/7/2005, Vol. 23 Issue 5, p7 

    The article reports that Cendant Corp., the largest travel and real estate services company in the U.S., has announced last week that it had spun off subsidiary, PHH Corp., an entity that housed the mortgage and fleet leasing operations of the parent company. Following the distribution of PHH...

  • Cendant Goes Four Separate Ways. Sternthal, Erin F.; Rogers, Mark // Travel Agent;10/31/2005, Vol. 323 Issue 3, p14 

    No abstract available.

  • Restructuring. Sikora, Martin // Mergers & Acquisitions: The Dealermaker's Journal;Feb2000, Vol. 35 Issue 2, p49 

    The article provides information on the economic conditions in the United States in the year 1999. Initial public offerings were introduced by companies. Major spin-offs were made by Arch Chemicals Inc.; and Watts Industries Inc.; ACX Technologies Inc. Major name changes linked to M&A and...

  • Cendant opts out of travel.  // Travel Trade;5/3/2006, p10 

    The article reports that Cendant wants to auction off its travel division, which includes CheapTickets, Galileo and Orbitz, in a deal that could raise more than $4 billion for the company. The company has previously planned to break up the Cendant Travel Distribution Services into four separate...

  • PHH Spin-off Comes at a Price. Muolo, Paul // National Mortgage News;2/14/2005, Vol. 29 Issue 21, p6 

    Reports on after taxes worth as much as $650 million that cost Cendant Corp. due to its spin-off of its mortgage and fleet unit to the public. Price of shares traded by the resulting company PHH Corp. which gave it a market capitalization of $1.06 billion; Statement of Cendant that it would take...

  • IAC splits business to tackle rival.  // Travel Weekly: The Choice of Travel Professionals;1/7/2005, Issue 1751, p10 

    This article reports that Interactive Corp. (IAC) has split its business into two to increase its share of the online travel market and fight off rival Cendant Corp. IAC is the biggest online travel company in the world with its Expedia brand at the forefront of its operations. But Cendant has...

  • Setting a new course: Cendant readies launch of Wyndham Worldwide. Higgins, Stacey Mieyal // Hotel & Motel Management;6/5/2006, Vol. 221 Issue 10, p1 

    The article focuses on the planned spinoff of the Cendant hotel, timeshare and vacation-rental group of companies to become the Wyndham Worldwide Corp. Cendant Corp. has filed the registration statement with the United States Securities and Exchange Commission on May 11, 2006, and is awaiting...

  • Cendant Board OKs Sale of Mortgage Unit.  // American Banker;1/7/2005, Vol. 170 Issue 5, p20 

    Reports that Cendant Corporation's board of directors approved the planned sale of PHH Corporation, the company's mortgage and fleet business, to shareholders. Statement that Cendant Corporation will then enter into a mortgage-origination venture with PHH; Plans of Cendant to sell Wright Express.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics