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Cendant Corporation; Formerly: Hospitality Franchise Systems: Company type: Public: Industry: Business and consumer services: Founded: December 18, 1997 () as Cendant Corporation) Defunct: 2006: Fate: Renamed as Avis Budget Group after divestiture of real estate, travel and hotel divisions: Successor: Avis Budget Group: Headquarters
Jan 17, 2007 · Former Cendant Corp. Chairman Walter Forbes was sentenced Wednesday to 12 years and seven months in prison and ordered to pay $3.275 billion in restitution for leading the largest accounting...
- NBC Universal
Cendant Corp., owner of the Orbitz travel Web site and several hotel and real-estate brands, will split itself into four separate public companies, the conglomerate said Monday.
However, in 1998, Silverman led Cendant into what would prove a disastrous merger with CUC, a direct marketing company that operated Shoppers Advantage and Travelers Advantage (now part of Affinion Group. The $14 billion merger of HFS and CUC resulted in Cendant Corporation, which was formed in December 1997.
Oct 23, 2005 · NEW YORK, Cendant Corporation (NYSE:CD) today announced that its Board of Directors has approved a plan to separate Cendant into four independent, publicly traded, pure-play companies -- one...
Cendant Corporation is a global provider of travel, vehicle, real estate, and diversified services. It was formed in 1997 by the merger of Hospitality Franchise Systems and CUC International, and faced a major accounting scandal in 1999.
Oct 24, 2005 · Cendant, the US real estate and leisure services conglomerate, is planning one of the largest corporate break-ups by splitting into four independent publicly traded companies.
