October 24, 2005
Cendant Corporation to Split into Four Separate Public Companies
As reported by Forbes.com,Cendant Corporation announced today that it will split into four separate public companies next summer when the company spins off 100% of the equity of the three new companies to its shareholders. One of the new companies will take over Cendant's hospitality businesses, while the other three will focus on real estate, travel booking and car rentals. The company in charge of Cendant's real-estate services, which will include the Century 21 and Coldwell Banker brands, will take with it the largest share of the conglomerate's revenue — about 40%.
Posted by franchiselawblog at October 24, 2005 12:09 PM