Home | Business News | Browse by Publication | B | Business Travel News

Cendant considers selling distribution unit: names former computer associates executive CEO of travel distribution services.

Publication: Business Travel News
Publication Date: 01-MAY-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Cendant Corp. last week said it is exploring the sale of its Travel Distribution Services division, following unsolicited inquiries from several private equity firms. Cendant chairman and CEO Henry Silverman during the company's first-quarter earnings call last week said that the company still is poised to spin TDS off in October, but in the meantime is exploring the alternative. "We'll either sell TDS or spin it off, and we'll do whatever creates the greatest amount of shareholder value," Silverman said.

Silverman said four factors precipitated the exploration...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
DOT stalls Virgin's domestic U.S. startup., May 01, 2006
GSA issues government data-capture RFP., May 01, 2006
Senate blocks airline ownership rule change., May 01, 2006
Hilton debuts air checkin kiosk., May 01, 2006
IATA helps carriers find interline pacts., May 01, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.