Just weeks after announcing its decision to sell Wright Express for $1 billion, Cendant entered into a deal to buy the Gullivers Travel Associates and Octopus Travel Group Ltd., two U.K.- based travel companies, for $1.1 billion. This acquisition expands Cendant’s presence in the travel industries, adding Gullivers Travel to the stable of travel brands in the hotel, car rental and travel services business. Cendant is the parent company for such brands as Days Inn, Ramada, Howard Johnson, Super 8 and Travelodge. The company also bid $1.25 billion in September for the internet travel company, Orbitz Inc.
Posted by franchiselawblog at December 16, 2004 10:51 AM